Ritu Asked a Question
June 1, 2020 9:22 pmpts 30 pts
Question Given the following total cost and demand functions of a firm, find the price at which profits would be maximized: C = 50 +200+ 10 P 100-30 Where C=Total Cost Q=Output P Price Choices
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  • Nidhi taparia Best Answer
    Since it is not explicitly mentioned, we cannot assume perfect competition. As per the standard operating procedure, we will derive MR from AR through TR, and MC from TC. Please re...
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