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A perfectly competitive firm has total revenue and total cost curves given by:

TR = 100QTC = 5,000 + 2Q + 0.2 Q2

a. Find the profit-maximizing output for this firm.

b. What profit does the firm make?

c. What is the Average Cost and at what point Q is it minimal?

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Computer Engineering, Engineering

Category:- Computer Engineering
Reference No.:- M91614905

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