You are the manager of a firm that operates in a perfectly competitive market Your firms cost function is C 0 8Q 3 5Q 2 66Q 1,232 Calculate the profit maximizing output for your firm when the market price is $174 (Please round answer to the 2 nd decimal place) ...

You are the manager of a firm that operates in a perfectly competitive market. Your firms cost

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You are the manager of a firm that operates in a perfectly competitive market. Your firm’s cost function is C = 0.8Q ³– 5Q ²+ 66Q + 1,232.

Calculate the profit-maximizing output for your firm when the market price is $174.

(Please round answer to the 2 ^nd decimal place)

Related Book For answer-question

Managerial Economics and Business Strategy

ISBN: 978-0073523224

8th edition

Authors: Michael Baye, Jeff Prince

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Posted Date: Nov 08, 2018 03:07 AM

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You are the manager of a firm that operates in a perfectly competitive market. Your firms cost

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C 08Q 3 5Q 2 66Q 1232 MC ... View the full answer

Managerial Economics and Business Strategy

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