Question: Please answer correct calculation asap plz both are questions Please don't answer by pen paper plz Identify the profit-maximising output and price. Please explain all

Please answer correct calculation asap plz both are questions

Please don't answer by pen paper plz

Identify the profit-maximising output and price. Please explain all steps.

What is the profit or loss at the profit-maximising level of output? please can you show the working out

Is this industry in the short run or long-run equilibrium? If it is not in the long-run equilibrium, what will need to happen in this industry to achieve the long-run equilibrium?

Please answer correct calculation asap plz both are questionsPlease don't answer by

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!