No paper written work please 4. Suppose that any given individual firm in this same perfectly competitive industry has the following:24TC = 0.3q³ 1.5q² + 3q + 24ATC=0.3q2 1.5q + 3 +MC = 0.9q² - 3q +39Also, assume the market price is P* = 18.Find the quantity that the individual firm would produce at this price. Round your answer to the nearestwhole number. Show work. You will have to use the quadratic formula."

4. Suppose that any given individual firm in this same perfectly competitive industry has the following: ATC= 0.3q2 1.5q + 3+= MC = 0.9q2-3q +3 24 TC = 0.3q³1.5q² + 3q + 24 q Also, assume the market price is P* = 18. Find the quantity that the individual firm would produce at this price. Round your answer to the nearest whole number. Show work. You will have to use the quadratic formula.

4. Suppose that any given individual firm in this same perfectly competitive industry has the following: ATC= 0.3q2 1.5q + 3+= MC = 0.9q2-3q +3 24 TC = 0.3q³1.5q² + 3q + 24 q Also, assume the market price is P* = 18. Find the quantity that the individual firm would produce at this price. Round your answer to the nearest whole number. Show work. You will have to use the quadratic formula.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter8: Perefect Competition

Section: Chapter Questions

Problem 5SQP

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