a perfect competitive firm faces a market price
A perfect competitive firm faces a market price of $10 for its output X. It owns two plants A and B, whose total costs are TCa=10+2X+.25X^2 and TCb=15+.4X+.1X^2. How many units should each plant produce to maximize profit at that price?
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give a numerical example to show that a monopolists marinal revenue can be upward-slping over prt of its range hint the price of the demand curve is
a perfect competitive firm faces a market price of 10 for its output x it owns two plants a and b whose total costs are tca102x25x2 and tcb154x1x2
a monopolist has two types of customers there are 100 of type a who will each pay up tp 10 for a single unit of the good and 50 of type b who will
problem 1 luke likes to consumer cds good1 and pizzas good 2 his preference over both goods is given by the utility functionif luke allocates 200 to
1 a firm in a competitive market invents a new method of production that lowers its marginal costs what happens to its output what happens to the
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