Amy makes and sells a device and is the only retailer in town. However, she faces considerable competition from sellers located out of town and regards the market as perfectly competitive with a price per unit of $168. Her total cost function is C = 460 + 12q + 13q² Amy's profit-maximizing output is (round your answer to two decimal places)

Amy makes and sells a device and is the only retailer in town. However, she faces considerable competition from sellers located out of town and regards the market as perfectly competitive with a price per unit of $168. Her total cost function is C = 460 + 12q + 13q² Amy's profit-maximizing output is (round your answer to two decimal places)

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter12: Price And Output Determination: Oligopoly

Section: Chapter Questions

Problem 5E

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