Suppose the average revenue of a short run perfectly competitive firm is 2 and its Marginal cost and fixed cost is given as: 𝑀𝐶 = 3𝑄 2 − 8𝑄 + 6 and TFC=10 then, A. Derive the function of TC, AVC and TR B. Calculate equilibrium price and quantity C. Find the profit at the equilibrium point and identify whether the firm makes positive profit, normal profits or incurs loss. D. What price is needed for the firm to stay in the market? E. Calculate the output at which marginal costs are minimized?
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Suppose the average revenue of a short run perfectly competitive firm is 2 and its
Marginal cost and fixed cost is given as: 𝑀𝐶 = 3𝑄
2 − 8𝑄 + 6 and TFC=10 then,
A. Derive the function of TC, AVC and TR
B. Calculate equilibrium price and quantity
C. Find the profit at the equilibrium point and identify whether the firm makes
positive profit, normal profits or incurs loss.
D. What price is needed for the firm to stay in the market?
E. Calculate the output at which marginal costs are minimized?
Asalamualikum sir.
Please sir
Show us how tobin' q is derived.
And also tobin' q and investment