Essay
Market price is $50.The firm's marginal cost curve is given by MC = 10 + 2Q.
a.Find the profit-maximizing output for the firm.
b.At this output,is the firm making a profit? Explain your answer.
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a.50 = 10 + 2Q Q* = 20 b.It is impossibl...View Answer
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Correct Answer:
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