February 26, 2017

Homework Help: Microeconomics

Posted by Anonymous on Monday, October 29, 2012 at 5:15pm.

CompStrat Corporation’s total cost function (where TC is total cost in dollars, and Q is quantity) is TC = 200 + 10Q + 2Q2

If the firm is a price taker and if the price of its product is $20, what is its optimal output?

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