Compute price-output and profits result in the short run, Microeconomics

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Compute price-output and profits result in the short run

Supposed short run inverse demand in a monopolistically competitive market is represented by: p(X)=18-0.2x. Cost is given by TC (x)= 320+2x+0.05 x2

a. Given these demand and cost conditions, what price, output and profits result in the short run?
b. What will happen as the firm moves from the short to the long run?

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Microeconomics: Compute price-output and profits result in the short run

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Microeconomics: Compute price-output and profits result in the short run

Reference No:- TGS040130

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : What is dehna, inc.''s tax liability for 2013

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Ask an Expert for Answer!!

Microeconomics: Compute price-output and profits result in the short run

Reference No:- TGS040130

Recent Questions Asked Microeconomics

Q : What is dehna, inc.''s tax liability for 2013

Q : What is desired markup and initial actual markup

Q : Does the movie have positive npv

Q : What would be the net operating income

Q : Compute price-output and profits result in the short run

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