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Suppose A Price Searching Firm Faces A Demand Curve Given By Q = 30− 5p And Has An Average Cost Curve Given By

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Page No.
8= 30 – .5P
Date
A C = 8
a )
TC = ACXQ
MC = OTC
8
. 5 P = 30 – Q
P = 60- 2Q
[ By 0]
Multiply by amp; both sides
TR = PQ = 608 – 202
– PQ
60-48
MR = 60- 42
MC = 8
b )
MR = MC
60 – 4 0 = 8…Microeconomics