India Languages, asked by shashisharmass1010, 4 days ago

Sanskrit pls solve fast

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Answered by choudhurylaili1982

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5. You are a manager of a monopolistically competitive firm, whose demand and cost functions are given by Q=36-4P and C(Q)=124-16Q+Q2.

a. Determine the profit maximizing price and level of production

b. Calculate the maximum profits

c. What long run adjustments should you expect? Explain

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