question archive a) You are the manager of a firm that sells its product in a competitive market at a price of $60
a) You are the manager of a firm that sells its product in a competitive market at a price of $60
Subject:EconomicsPrice: Bought3
a) You are the manager of a firm that sells its product in a competitive market at a price of $60. Your firm's cost function is C = 33 + 3Q2. What is the profit-maximizing output for your firm?
You are a manager in a perfectly competitive market. The price in your market is $14. Your total cost curve is C(Q) = 10 + 4Q + 0.5Q2. What level of profits will you make in the short run?
