Business, 07.12.2019 02:31 db328

Consider a perfectly competitive market in which each firm's short-run total cost function is c = 64 + 15q + q2, where q is the number of units of output produced. the associated marginal cost curve is mc = 15 + 2q. in the short run each firm is willing to supply a positive amount of output at any price above . (enter your response as a real number rounded to two decimal places.) if the market price is $22, each firm will produce 3.5 units in the short-run. (enter your response as a real number rounded to one decimal place.) each firm earns a profit of . (enter your response as a real number rounded to two decimal places, and use a negative sign if the firm has a loss rather than a profit.)

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Consider a perfectly competitive market in which each firm's short-run total cost function is c = 64...

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