Assume a competitive firm faces a market price of $100, a cost curve of: C = 0.002q cubed + 25q + 750, 

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Assume a competitive firm faces a market price of $100, a cost curve of: C=0.003q³ + 50g + 750, MC = 0.009q² + 50. If a specific tax of $6 per unit is implemented, what would be the new equilibrium output level? It would be units. (round your answer to two decimal places) If, instead, a lump It would be units. (round your answer to two decimal places) and a marginal cost curve of: sum tax of $447 is implemented, what would be the new equilibrium output level? Assume a competitive firm faces a market price of $100, a cost curve of: C=0.003q³ + 50g + 750, MC = 0.009q² + 50. If a specific tax of $6 per unit is implemented, what would be the new equilibrium output level? It would be units. (round your answer to two decimal places) If, instead, a lump It would be units. (round your answer to two decimal places) and a marginal cost curve of: sum tax of $447 is implemented, what would be the new equilibrium output level?

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A competitive firm equates Price with MC a A specific tax increas... View the full answer