Determining short run marginal cost


The short-run marginal cost of the Ohio Bag Company is 2Q. Price is $100. The company operates in competitive industry. Currently, the company is producing 40 units per period. What is the optimal short-run output? Calculate the profits that Ohio Bag is losing through suboptimal output.

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Microeconomics: Determining short run marginal cost
Reference No:- TGS037559

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