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    profit-maximizing output for the firm

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    Market price is $50. The firm's marginal cost curve is given by:

    MC = 10 + 2Q

    a. Find the profit-maximizing ouptut for the firm. Draw the pertinent diagram.

    b. At this output, is the firm making a profit?

    Explain your answer and shade the profit/loss on the diagram.

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    https://brainmass.com/economics/pricing-output-decisions/profit-maximizing-output-firm-82690

    Solution Preview

    Market price is $50. The firm's marginal cost curve is given by: MC = 10 + 2Q

    a. Find the profit-maximizing ouptut for the firm. Draw the ...

    Solution Summary

    Marginal Cost Curve is demonstrated.

    $2.19