Suppose a firm has the following total cost function TC = 100 + 2q².If price equals $20,what is the firm's output decision? What are its short-run profits?

Name: Suppose a firm has the following total cost function TC = 100 + 2q 2 .If price equals $20,what is the firm's output decision? What are its short-run profits?
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Quizplus · Accepted Answer

The Answer of Suppose a firm has the following total cost function TC = 100 + 2q².If price equals $20,what is the firm's output decision? What are its short-run profits?

Suppose a Firm Has the Following Total Cost Function TC