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Suppose in the short run a perfectly competitive firm has variable cost = 6q2, and MC = 12q where q is the quantity of output produced. Also, the firm has fixed cost F = 6144.
a) If the market price of the product is $336, how much output should the firm produce in order to maximize profit?
b) How much profit will this firm make?
c) Given your answer to b), what will happen to the market price as we move from the short run to the long run?
d) What is the break-even price for this market?.
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You want to be part of the Green Revolution and are looking to find ways to reduce your energy use. But first, you must know what your energy use is.
john walters is comparing the cost of credit to the cash price of an item. if john makes a 60 down payment and pays 34
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