Suppose that a price-taking firm charges $12 for its product and has a cost function given by C(Q)= 2Q + (Q²/60).The corresponding marginal cost is given by MC(Q)= 2 + (Q/30).How much output should the firm produce? What if the firm has $2,000 of avoidable fixed costs?

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The Answer of Suppose that a price-taking firm charges $12 for its product and has a cost function given by C(Q)= 2Q + (Q²/60).The corresponding marginal cost is given by MC(Q)= 2 + (Q/30).How much output should the firm produce? What if the firm has $2,000 of avoidable fixed costs?

Suppose That a Price-Taking Firm Charges $12 for Its Product