Question
A firm is considering how many of a good to produce. Their cost can be seen...
A firm is considering how many of a good to produce. Their cost can be seen as: C = 10 + Q2 MC = 2Q Other firms are selling at a price of $28. Given the above, what is your profit? (You need to determine your price, your quantity, and calculate your profit given those and the information provided above and the formulas from the slides).
a) $14
b) $186
c) $206
d) $28
Homework Answers
Answer #1
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