How much output should the firm produce in short-run, Microeconomics

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How much output should the firm produce in short-run

firm sells its product in a perfectly competitive market where other firms charge a price of $80 per unit. The firm's costs are C(Q) = 40 + 8Q + 2Q2. Show your computations.

a. How much output should the firm produce in the short-run?

b. What price should the firm charge in the short-run?

c. What are the firm's short-run profits?

d. What adjustments should be anticipated in the long-run?

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Microeconomics: How much output should the firm produce in short-run

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Microeconomics: How much output should the firm produce in short-run

Reference No:- TGS0511295

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