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What level of output should be produced to maximize profits
Course:- Microeconomics
Reference No.:- EM13700208





Assignment Help >> Microeconomics

The cost function for a firm is given by TC = 6,000 + 12.5Q. The firm sells output in a perfectly competitive market and other firms in the industry sell at a price of P = 25 - 0.5Q. (i) What level of output should be produced to maximize profits?




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