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Your firm exhibits a Total Cost Function of: TC = .08Q 3 4Q 2 + 64Q + 500. What is the Q of the most
Your firm exhibits a Total Cost Function of: TC = .08Q3 4Q2 + 64Q + 500. What is the Q of the most cost efficient production? What is the Total Cost in this case? Given you are operating in a perfectly competitive market, briefly comment on what this level of production suggests about short-run equilibrium for this firm?
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