How do you calculate profit-maximizing output? - TimesMojo
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How do you calculate profit-maximizing price? - TimesMojo
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A firm produces a product in a competitive industry and has a total cost function C=50 4 q 2 q^2 and a marginal cost function MC=4 4 q. At the given market price of 20, the firm is producing 5 units of output. Is the firm maximizing its profit? What quantity of output should the firm produce in the long run? | Numerade
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