Examlex
Suppose the total cost to produce quantity q is TC(q) = q2/10+250. If this firm is a price- taker and the market price is p = 10, then the firm's output will be:
Foreign Exchange
The exchange of one currency for another or the conversion of one currency into another currency.
Imperfectly Competitive
A market structure where not all participants have equal ability to influence prices, with variations in products and control.
Marginal Revenue
The additional revenue that will be generated by increasing product sales by one unit.
Output
Output refers to the quantity of goods or services produced by a company, industry, or economy within a certain period.
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