If the cost function for Johns Shoe Repair is C(q) 100 10q q 2 1 3q 3 , and its marginal cost function is MC 10 2q q 2 , what is its profit maximizing condition given that the market price is p ...

Cq 100 10q q 2 13q 3 MC 10 2q q 2 For a compe ...

If the cost function for Johns Shoe Repair is C(q) = 100 + 10q - q 2

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If the cost function for John’s Shoe Repair is C(q) = 100 + 10q - q² + 1/3q³, and its marginal cost function is MC = 10 - 2q + q², what is its profit-maximizing condition given that the market price is p?

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Microeconomics

ISBN: 978-0134519531

8th edition

Authors: Jeffrey M. Perloff

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Question Posted: Nov 12, 2018 08:09 AM

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If the cost function for Johns Shoe Repair is C(q) = 100 + 10q - q 2

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Microeconomics

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