Question

Q6. For a perfect competitive firm, the following short run function in givenTC=2+4Q+Q2
P = 1⁄2 + 2/Q + 3Q
If the price of the product prevailing in the market is Rs. 8 at what level of the output the firm will maximize the profit?
a) Use TR and TC approach.
b) Use MR and MC Approach.
Find the value of Q and also find out the profit of a firm?

Answer 1

Answer:

what is firm

Step-by-step explanation:

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