What volume of output should the firm produce

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Reference no: EM131148025

A competitive firm is facing the market price of $120 and has a short-run total cost function of
TC = 2Q2 + 200. The corresponding MC = 4Q.

(a) Sketch the demand curve, MR curves well as the MC curve as per information above.

(b) What volume of output should the firm produce?

Reference no: EM131148025

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