Business, 20.08.2021 07:10 tymiahill7244
Supposed the short run market price a competitive frim facees is birr 9 and the total cost of the firm is TC=200 + Q +0.02 answer the following questions?
(A) calculate the short run equilibrium output and profit of the frim
(B) Derive the mc, ATC, and AVC and calculate the value at short run equilibrium output
(C) calculate the producer's surplus at the equilibrium output
(D) fine the output level that will make the profit of the frim zero​
Answers: 3
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Supposed the short run market price a competitive frim facees is birr 9 and the total cost of the fi...
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