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Question 10 10 pts Assume quantities need not be integers. A profit-maximizing firm in a perfectly competitive market has the following cost curves: . fixed
Question 10 10 pts Assume quantities need not be integers. A profit-maximizing firm in a perfectly competitive market has the following cost curves: . fixed costs: F=478 . average total cost: ATC(q) = 478/q + 5+ q/4 . average variable cost: AVC(q) = 5 + q/4 . marginal cost: MC(q)=5+q/2 If it faces a market price of $38, how many units does it produce in the short run? Round to two digits. If your answer is 1.125, enter 1.13
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