Find minimum price necessary for fi to produce in short run, Microeconomics

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Find minimum price necessary for fi to produce in short run

A) Analyse the two following situations for forms in competitive markets: a) suppose tha TC =100 +15Q, where TC is total cost and Q is the quantity produced. What is the minimum price necessary for this fi to produce any output in the short run?

B) suppose that MC=4Q, where MC is marginal cost. The perfectly competitive form maximizes profits by producing 10 units of output. At what price does it sell these units?

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Microeconomics: Find minimum price necessary for fi to produce in short run

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Microeconomics: Find minimum price necessary for fi to produce in short run

Reference No:- TGS040576

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Why money can-t have same value and look in every country

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Ask an Expert for Answer!!

Microeconomics: Find minimum price necessary for fi to produce in short run

Reference No:- TGS040576

Recent Questions Asked Microeconomics

Q : Why money can-t have same value and look in every country

Q : Determining the balance of margin account

Q : Systematic risk in the portfolio

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Q : Find minimum price necessary for fi to produce in short run

Q : What is the cost of the raw materials requisitioned in june

Q : What are the five ways to develop strategic business

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