A firm sells its product in a perfectly competitive market where other firms charge a price of $90 per unit. The firm’s total costs are 

Need your ASSIGNMENT done? Use our paper writing service to score better and meet your deadlines.


Order a Similar Paper Order a Different Paper

A firm sells its product in a perfectly competitive market where other firms charge a price of $90 per unit. The firm’s total costs are

C(Q) =50 +10+2Q2

a. How much output should the firm produce in the short run?

b. What price should the firm charge in the short run?

c. What are the firm’s short-run profits?

Need your ASSIGNMENT done? Use our paper writing service to score better and meet your deadlines.

Get 15% discount for your first order


Order a Similar Paper Order a Different Paper