question archive TA firm faces a market demand curve given by: P = 100 - Q
TA firm faces a market demand curve given by: P = 100 - Q
Subject:EconomicsPrice: Bought3
TA firm faces a market demand curve given by: P = 100 - Q. Assume that the firm has a total cost given by: TC = Q2 - 600 + 1,000. What are the price quantity combination that maximizes profit? Calculate the following in case of Perfect Monopoly and Perfect Competition? compare your results ? a. What output level should the firm produce to maximize profit? b. What is the profit maximization price (P) for this firm? c. What is the firm's profit? d. What is the Consumer Surplus
