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what is the fixed cost and economic profit equation. Production costs are $12000 if the firm does not produce anything. if costs change in the
what is the fixed cost and economic profit equation. Production costs are $12000 if the firm does not produce anything. if costs change in the following way: if the firm does not produce, costs remain as they were, but if it does produce a positive quantity, costs are C(Q)=2Q^2+25000
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The Macro Economy Today
Authors: Bradley R. Schiller, Karen Gebhardt
14th edition
1259291820, 978-1259291821
