In November 2024
Answer to Question #332775 in Statistics and Probability for Robera
A perfectly competitive firm has a domestic demand curve is P=100. This firm's total cost function is TC=2Q^2+20Q. Costs and prices are in ethiopian birr. Based on this information
a) drive the revenue function
b) calculate the equilibrium level of output, and profit?
c) calculate shutdown level of output, and profit?
d) calculate the break even level of output , and profit?
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