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Perfectly competitive firm has short-run cost function: SRTC = q^2 +30q +400
Corresponding SRMC function is given by: SRMC = 2q+30
Q) If market price is $50, how much output will firm produce? (I know this is q = 10)
Q) Is $50 a long-run equilibrium price? Explain reasoning.
Q) Find the equation of this firm's short-run supply function
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Firms in perfect competition will leave the industry if they
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The capitalized cost of of an initial investment of $200,000 and annual investments of $30,000 forever at an interest rate of 10 % is closest to....Please show work
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