Ellen's total cost is; C = 100+ Q² The market price of eggs is: P = 20 d. Find the equations of marginal cost, average variable cost, average fixed cost, and average cost. bait oAle MC =20 AVC = AFC = AC = %3D %3D b. Compute Gina's profit-maximizing output, total revenue, total cost, and profit. Q* = R* = C* = n* = %3D C. Graph: AC, AVC, AFC, MC, and the demand curve faced by the firm (DFBF).

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Im a bit confused how to solve when we have the value of p
Ellen's Eggs is a perfectly competitive firm.
Ellen's total cost
is: C= 100 + Q?
The market price of eggs is: P = 20
d. Find the equations of marginal cost, average variable cost, average fixed cost, and
average cost.
bait oA le
MC =
AVC =
AFC =
AC =
b. Compute Gina's profit-maximizing output, total revenue, total cost, and profit.
Q* =
R* =
C* =
* =
C. Graph: AC, AVC, AFC, MC, and the demand curve faced by the firm (DFBF).
Transcribed Image Text:Ellen's Eggs is a perfectly competitive firm. Ellen's total cost is: C= 100 + Q? The market price of eggs is: P = 20 d. Find the equations of marginal cost, average variable cost, average fixed cost, and average cost. bait oA le MC = AVC = AFC = AC = b. Compute Gina's profit-maximizing output, total revenue, total cost, and profit. Q* = R* = C* = * = C. Graph: AC, AVC, AFC, MC, and the demand curve faced by the firm (DFBF).
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