Answer to Question #185364 in Economics of Enterprise for Citizen Kassim

Question

supply function given as Qs = 50 - 200

and the estimated demand function for the face mask is Qd= 100 - 10p.

assuming that she operates in a perfect competitive market with total function as TC = 40+0.5Q+0.001Q² .

determine the equilibrium maximum output

Answer 1

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