A firm operate in a perfectly competitive market. The market price of it product i brr 4 and the total cot function by TC=1/3Q3 5Q220Q50. Where TC i the total cot and Q i level of output then. A calculate the level of output in which the firm hould produce to maximize it profit?
B determine the level of profit at equilibrium ?
C calculate the minimum price required by the firm to tay in the market?
