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Question: A producer in a perfectly competitive industry has a cost function described by TC(q) = 16,000 + 6q + 0.1q2. If the market price is 90 and it has already committed to paying the fixed cost, what is the maximum profit for the producer? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92586369

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