In a purely competitive market, the supply and demand equations for the industry, are: Qs=3000+200P and Qd=13500-500P
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In a purely competitive market, the supply and demand equations for the industry, are: Qs=3000+200P and Qd=13500-500P For the firm, the fixed cost, and marginal cost are: FC=80 MC=15-4Q+5Q2 /10 Find the optimal output for this firm.
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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