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April 18, 2014

Homework Help: Microeconomics

Posted by Magda on Sunday, September 5, 2010 at 12:26pm.

A company is working on the market of perfect competition. Its cost function TC=Q^2-4Q+64 and demand function on the product that company produces is Q=400-20P. Calculate: a. optimal quantity of production, at which company maximizes profits b. market proce at which company maximizes profits c. break-even price of this company d. total revenue at profit maximazation

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