Spose there are 1000 identical wheat farmers for each tc


1. Suppose there are 1000 identical wheat farmers. For each, TC = 10 + q2. Market demand is Q = 600,000 - 100p. Derive the short-run equilibrium Q, q, and p. Does the typical firm earn a short- run profit?

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Managerial Economics: Spose there are 1000 identical wheat farmers for each tc
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