ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Assume a firm engaging in selling its product and promotional activities in monopolisti ccompetition face short run demand and cost functions as
Q = 20-0.5P and TC= 4Q2-8Q+15,
respectively. Having this information
a) Determine the optimal level of output and
b) Calculate the economic
c) Show the economic profit (loss) of the firm in a graphic representation
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