Perfectly Competitive Industry Assignment | Homework For You
The White Firm is a member of the lamp business, which is completely aggressive. The value of a lamp is $50. The agency's complete price operate is TC = 1,000 + 20Q + 5Q 2 The place TC is complete price (in dollars) and Q is hourly output.a) What output maximizes revenue?b) What's the agency's financial revenue at this output?c) What's the agency's common price at this output?d) If different companies within the lamp business have the identical price operate as this agency, is the business in equilibrium? Why or why not? Economics homework assist