Solved: Bartech expects to face fixed costs of 12000 in 2010, Microeconomics

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Bartech expects to face fixed costs of 12000 in 2010

Bartech, Inc. is a firm operating in a competitive market. The manager of Bartech forecasts product price to be $28 in 2010. Bartech's average variable cost function in 2010 is estimated to be

AVC = 10 - 0.003Q + 0.0000005Q2

Bartech expects to face fixed costs of $12,000 in 2010.

-Determine the firm's supply curve

-Determine the profit maximizing (or loss minimizing) output for Bartech, given that P = $28.

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Microeconomics: Bartech expects to face fixed costs of 12000 in 2010

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Microeconomics: Bartech expects to face fixed costs of 12000 in 2010

Reference No:- TGS01271026

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