Sppose the cost function for your firm is c 10 2q , Ask an Expert

Economics

Suppose the cost function for your firm is: C = 10 +2Q + 5Q2.

If the firm sells output in a perfectly competitive market and other firms in the industry sell output at a price of $35,

What level of output should the firm produce to maximize profits or minimize losses?

What will be the level of profits or losses in the firm makes optimal decisions?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91372230

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