(Answered) The short-run marginal cost of the ohio bagcompany is 2 q

Management Studies

The short-run marginal cost of the Ohio BagCompany is 2 Q. Price is $100/bag. The company operates in a competitive industry.Currenly, the company is producing 40 units per period. What is the optimal short run output? Calculate the profits that Ohio Bag Company is losing through suboptimaloutput. Clearly show your calculations and illustrate your answer using a well-labeled graph

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