If a competitive firm has TC = q3 - 40q2 + 430q + 100, what is the minimum price that the firm must receive for its output in order for it to be willing to produce?
A) 40
B) 30
C) 20
D) 10
Correct Answer:
Verified
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Q33: There are 100 identical demanders of product
Q34: In a constant- cost industry:
A)the firm's TC
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