Question
tion Ten ( 15 Marks ) 1- Given a Perfect competition firm cost function C(Q) = 5 + Q2 & Market Price (P = $10
tion Ten ( 15 Marks ) 1- Given a Perfect competition firm cost function C(Q) = 5 + Q2 & Market Price (P = $10 ) - Find MR - Maximum Profits ? - What is the Effect of Entry on Firms Output & Profit ? 2- If You are a monopolist with an inverse demand P = 100 - Q and Cost Function C(Q) = 125+4Q2 - Find Q* and P* - Max Tprofit
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Principles Of Economics
Authors: Robert H. Frank, Ben Bernanke Professor, Kate Antonovics, Ori Heffetz
6th Edition
0078021855, 9780078021855
