Suppose that a competitive firm's marginal cost of producing output q (MC) is given by MC(q)...

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Suppose that a competitive firms marginal cost of producing output q (MC) is given by MC(q) = 6 +29. Assume that the market

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Answer 1

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uc Profit = Reunnue - (Fixed cost + Variable cast) Prift - Producer Surplys - Fixed cost Pruft = $30-$50 Propt = $14 In short

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