What are the firm-s break-even output and price, Microeconomics

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What are the firm-s break-even output and price

A perfectly competitive firm has total cost function as follow:
TC ($) = 2q2 + 4q + 200

a. What are the firm's break-even output and price?
b. Assuming that the market price is $24, should the firm produce? Why?
c. Assuming that the market price is $84, what are the firm's output, producer surplus and profit? What is the firm's supply function?
d. Present the above results in a graph.

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Microeconomics: What are the firm-s break-even output and price

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Microeconomics: What are the firm-s break-even output and price

Reference No:- TGS040974

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What are the firm-s break-even output and price

Reference No:- TGS040974

Recent Questions Asked Microeconomics

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