What price should the firm charge in the short run

Reference no: EM13222840

A firm sells its product in a perfectly competitive market where other firm charges a price of $40 per unit. The firm's total costs are

C(Q) = 40 + 8Q + 2Q2.

a. How much should the firm produce in the short run?

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

c. What is the firm's short-run profit?

Reference no: EM13222840

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