Question
Suppose that you are given a firm's demand function as; Q=2000 - 20P and firm's cost function is given as: TC=0.05Q2 +10,000. What will be
Suppose that you are given a firm's demand function as; Q=2000 - 20P and firm's cost function is given as: TC=0.05Q2 +10,000. What will be the firm's profit maximizing output and price levels (Q* and P*):
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Macroeconomics
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
8th Canadian Edition
134646355, 9780134842615 , 978-0134646350
