A firm has demand function q10 -p the firm has constant, Ask an Expert

Economics

A firm has demand function Q=10 -P. The firm has constant long run average costs of production equal to $4. The firm must sell each unt of output for the same price per unit, and the firm must produce and sell an integer amout of output. Calculate profit-maximizing values for each of the following.

a) Price

b) Quantity

c)Total Profits

d) Profit margin

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91845053

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