Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / assume a competitive firm faces a market price of $125, a cost curve of C=025q^2 + 25q +16...

assume a competitive firm faces a market price of $125, a cost curve of C=025q^2 + 25q +1600 and a m

assume a competitive firm faces a market price of $125, a cost curve of

C=025q^2 + 25q +1600 and a marginal cost curve of : MC= 005q +25

 

The firm’s profit maximizing output level is 200 units, the profit per unit is $42 and total profit is $8400

however, if the firm wanted to maximize the profit per unit, how much would it produce?

 

 

Apr 24 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions