If the short-run marginal and average variable cost curves for a competitive firm are given by SMC = 2 + 4Q and AVC=2+3Q, how many units of output will it produce at a market price of 34? Instructions: Round your answers to the nearest whole number. Q= At what level of fixed cost will this firm earn zero economic profit? $

Consider the following costs of a typical firm in a purely competitive industry. The firm has no fixed cost given only the available information, what would you except product price to be in the long run?

Assume that a competitive firm has the total cost function: TC=1q3−40q2+820q+1900TC=1q3-40q2+820q+1900   Suppose the price of the firm's output (sold in integer units) is $650 per unit. Using tables (but not calculus) to find a solution, what is the total profit at the optimal output level? Please specify your answer as an integer.

Assume a competitive firm faces a market price of $150, a cost curve of: C + 6q + 1,500, and a marginal cost of: MC = q² + 6. What is the firm's profit maximizing output level? units. (round your answer to two decimal places)

Please help with this question If a competitive firm finds that its average variable cost is decreasing at its current profit maximizing quantity, should the firm increase or decrease output?