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Jones Company operates within a monopolistically competitive industry. The estimated demand for its products is given by the following inverse demand function
P = 1760 - 12Q
It finance department has estimated its total cost function as
TC = 24,000 + 5 Q - 15 Q2 + 0.333 Q3
a. What is the effect of an increase in fixed costs of $5000 on equilibrium price and output?
give informatiom
what are the three of product costs in manufacturing company,discuss in detail each and supporting with examples.
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Reserves and surplus or retained earnings usually occur out of profitable operations. This is a surplus not distributed through the firm as dividends. Conversely, these are profits
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