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QUESTION 8 A firm's total cost takes the form: TC(q)=10-4q+2q2 with MC(q)=-4+4q The firm's output sells at a price of $120 per unit in
QUESTION 8 A firm's total cost takes the form: TC(q)=10-4q+2q2 with MC(q)=-4+4q The firm's output sells at a price of $120 per unit in a competitive market. What is the firm's total cost at the profit maximizing level of output?
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Microeconomics
Authors: Dean S. Karlan, Jonathan J. Morduch
2nd edition
1259813337, 1259813339, 978-1259813337
