Question
You are a manager in a perfectly competitive market. The price in your market is $14. Your total cost curve is C(Q) = 10 +
You are a manager in a perfectly competitive market. The price in your market is $14. Your total cost curve is C(Q) = 10 + 4Q + 0.5Q2. What level of profits will you make in the short run?
Multiple Choice
- $20
- $40
- $60
- $80
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Macroeconomics
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
6th Canadian Edition
321675606, 978-0321675606
