a perfectly competitive firm has the following cost functions: TC =1000 + Q + 0.002Q^2 MC =1

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a perfectly competitive firm has the following cost functions:
TC =1000 + Q + 0.002Q^2
MC =1 +0.004Q
market price is 31 based on the profit maximization rule how much is the firm's total profit

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Microeconomics

ISBN: 978-1429283434

3rd edition

Authors: Paul Krugman, Robin Wells

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Posted Date: Mar 06, 2024 11:51 PM

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a perfectly competitive firm has the following cost functions: TC =1000 + Q + 0.002Q^2 MC =1

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Microeconomics

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