Answer to Question #11718 in Economics of Enterprise for nina omar

Question #11718
The Rosemont Company is a member of a perfectly competitive industry. Like all members of the industry, its total cost function is: TCQQ=++16000010042, where, TC is the firm’s monthly total cost in dollars and Q is the firm’s monthly output. a) If the industry is in long-run equilibrium, what is the price of the Rosemont Company’s product? b) What is the firm’s monthly output?
0
Expert's answer

Not answered

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS