Question
Suppose you are managing a firm in a perfectly competitive industry. The short-run total cost function is given by TC=200 + 9x - 3x^2 +
Suppose you are managing a firm in a perfectly competitive industry. The short-run total cost function is given by TC=200 + 9x - 3x^2 + 1/3 X^3 and the market price is 100. What is the profit maximizing output?
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Microeconomics Principles, Problems and Policies
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
20th edition
978-0077660819, 77660811, 978-1259450242
