ue_lecture_3 - .5 8 5 432.5 462.5 30 86.5 10 6 504.5 12 7...

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Profit Maximization for a Perfectly Competitive Firm 25 output price determined by the market 0 intercept parameter of cost curve 1 first-degree parameter of cost curve 2 second-degree parameter of cost curve Q* 12 profit-maximizing quantity Q Profit = TR - TC MR MC 0 0 0 0 xxx xxx 1 23 25 2 25 2 2 44 50 6 25 4 3 63 75 12 25 6 4 80 100 20 25 8 5 95 125 30 25 10 6 108 150 42 25 12 7 119 175 56 25 14 8 128 200 72 25 16 9 135 225 90 25 18 10 140 250 110 25 20 11 143 275 132 25 22 12 144 300 156 25 24 13 143 325 182 25 26 14 140 350 210 25 28 15 135 375 240 25 30 16 128 400 272 25 32 17 119 425 306 25 34 18 108 450 342 25 36 19 95 475 380 25 38 20 80 500 420 25 40 21 63 525 462 25 42 22 44 550 506 25 44 23 23 575 552 25 46 24 0 600 600 25 48 25 -25 625 650 25 50 p = e = f = g = 0 5 0 100 200 300 400 500 600 700 0 5 -50 0 50 100 150 200 0 5 0 10 20 30 40 50 60
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10 15 20 25 30 Column D Column F 10 15 20 25 30 Profit Column C 10 15 20 25 30 Column H Column I
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Profit Maximization for a Monopolistically Competitive Firm 100 intercept parameter of inverse demand curve -1.5 slope parameter of inverse demand curve 0 intercept parameter of cost curve 1 first-degree parameter of cost curve 2 second-degree parameter of cost curve Q* 19.8 Q Profit = TR - TC MR MC 0 0 0 0 xxx xxx 1 96.5 98.5 2 98.5 2 2 188 194 6 95.5 4 3 274.5 286.5 12 92.5 6 4 356
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Unformatted text preview: 376 20 89.5 8 5 432.5 462.5 30 86.5 10 6 504 546 42 83.5 12 7 570.5 626.5 56 80.5 14 8 632 704 72 77.5 16 9 688.5 778.5 90 74.5 18 10 740 850 110 71.5 20 11 786.5 918.5 132 68.5 22 12 828 984 156 65.5 24 13 864.5 1046.5 182 62.5 26 14 896 1106 210 59.5 28 15 922.5 1162.5 240 56.5 30 16 944 1216 272 53.5 32 17 960.5 1266.5 306 50.5 34 18 972 1314 342 47.5 36 19 978.5 1358.5 380 44.5 38 20 980 1400 420 41.5 40 21 976.5 1438.5 462 38.5 42 22 968 1474 506 35.5 44 23 954.5 1506.5 552 32.5 46 24 936 1536 600 29.5 48 25 912.5 1562.5 650 26.5 50 c = d = e = f = g = 200 400 600 800 1000 1200 1400 1600 1800 5 200 400 600 800 1000 1200 20 40 60 80 100 120 5 10 15 20 25 30 Column D Column F 5 10 15 20 25 30 Profit Column C 5 10 15 20 25 30 Column H Column I...
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This note was uploaded on 09/08/2010 for the course ECON 165 at San Jose State.

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ue_lecture_3 - .5 8 5 432.5 462.5 30 86.5 10 6 504.5 12 7...

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