Managerial Economics & Business Strategy 7th Edition by Michael Baye, Stanley Brue, David MacPherson

تمرين 2

a firni sells its product in a perfectly competitive market where other fimis charge a price of $80 per unit. The firm's total costs are C(Q) = 40 + 8 Q + 2 Q₂.
a. How much output should the firm produce in the short run
b. What price should the finn charge in the short run
c. What are the firm's short-run profits
d. What adjustments should be anticipated in the long run