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The price of a product in a perfect competitive firm is 16 birr and the total cost functions are given as TC= 4Q2-8Q+15, respectively. Find
The price of a product in a perfect competitive firm is 16 birr and the total cost functions are given as TC= 4Q2-8Q+15, respectively. Find A. The optimum quantity and the optimum price level (2pts) B. The profit/loss on these levels (2pts) C. At what price should the perfect competitive firm shut down
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Forecasting for Economics and Business
Authors: Gloria Gonzalez Rivera
1st edition
131474936, 978-1315510415, 1315510413, 978-0131474932
