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The total costs of a firm under perfect competition is

The total costs of a firm under perfect competition is given by the equation TC = 5,000 + 4Q + 2Q^2 and the market price is $100 per unit.

1. What is the profit maximizing level of output?

2. Calculate the total revenue at the profit maximizing level?

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Macroeconomics: The total costs of a firm under perfect competition is

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: The total costs of a firm under perfect competition is

Reference No:- TGS0666104

Have a Question? (oR Write a Review)

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: The total costs of a firm under perfect competition is

Reference No:- TGS0666104

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