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Economics

An electric power plant uses solid waste as its fuel for generating electricity. The total cost in dollars per hour of producing electricity is TC = 12+0.3D+0.27D2. The utility can sell electricity at a price per hour determined by p=15-0.2D. F5.

Determine the following for this case:

A) What is the profit-maximizing quantity?

B) What is the profit-maximizing price the firm should charge?

C) What is the total revenue at the profit-maximizing price/quantity?

D) What is the total cost at the profit-maximizing price/quantity?

E) What is the profit the firm realizes at the profit-maximizing price/quantity?

F) What is the range of profitable demand?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91865319

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