What level of output must produce in short run, Microeconomics

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What level of output must produce in short run

You are a manager in a perfectly competitive market. The price in your market is $45. Your total cost curve is C(Q) = 10 + 2Q + .5Q2 and MC = 2 + Q.

a. What level of output should you produce in the short run?

b. What price should you charge in the short run?

c. Will you make any profits in the short run?

d. What will happen in the long run?

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Microeconomics: What level of output must produce in short run

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Recent Questions Asked Microeconomics

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What level of output must produce in short run

Reference No:- TGS0514528

Recent Questions Asked Microeconomics

Q : Prepare a pro forma income statement

Q : Explain realism-orthodox liberal and interventionist liberal

Q : Employee empowerment and decision-making autonomy

Q : Find the marginal revenue and marginal cost functions

Q : What level of output must produce in short run

Q : Dividends per share and total cash dividends

Q : Employ to build and maintain the brand and loyality

Q : Reynolds toward tobacco regulation as cooperative

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