Need help? We are here

A firm sells its product in a perfectly competitive market where other firms charge a price of $90 per unit. The firm’s total costs are
C(Q) =50 +10Q +2Q2
a. How much output should the firm produce in the short run?
b. What price should the firm charge in the short run?
c. What are the firm’s short-run profits?

error: Content is protected !!