A firm has a cost function of tc q 804q2q2 and a marginal, Ask an Expert

Economics

A firm has a cost function of TC (q )=80+4q+2q² and a marginal cost function of MC (q)=4+4q. At the given market price of $16, the firm is producing 3 units of output. Is the firm maximizing profit? Yes or No

What quantity of output should the firm produce in the long run?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91929032

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