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Bartech, Inc. is a firm operating in a competitive market. The manager of Bartech

Question # 00183038
Subject: Economics
Due on: 01/30/2016
Posted On: 01/30/2016 11:15 AM

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Bartech, Inc. is a firm operating in a competitive market. The manager of Bartech forecasts product price to be $28 in 2010. Bartech's average variable cost function in 2010 is estimated to be

AVC = 10 – 0.003Q + 0.0000005Q2

Bartech expects to face fixed costs of $12,000 in 2010.
-Determine the firm’s supply curve
-Determine the profit maximizing (or loss minimizing) output for Bartech, given that P = $28.

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Bartech, Inc. is a firm operating in a competitive market. The manager of Bartech

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Posted On: 01/30/2016 11:16 AM
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Tutorial Preview …= xx – x 006Q + x 0000015Q^2 (a) xxxxxxx AVC x xx we xxx 10 – x 003Q + x 0000005Q^2 x xx 0 xxxxxxxxxx – 0 xxxx – 28 x 0 xxxx…
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