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Please explain the steps of finding profit by individual firms per day in short run. The following information describes question 16. There are 500 identical

Please explain the steps of finding profit by individual firms per day in short run.

The following information describes question 16.

There are 500 identical firms in the industry in the short run.

The Demand curve of industry is equals to P= 44 - 0.004Q

Total Cost curve for a firm in short run is TC= 2q2 + 2q + 72

The firm has a fixed cost of $54.

An $12 tax is imposed on sellers.

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17. Continuing with the tax described in question 16, the prot earned by an individual rm per day in the short run is: A) $0 B) +$38 C) +$16 D) +$22 E) +$24 F) -$24 G) -$8 H) -$16 1) -$22 J) none of the above

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