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28 Sep 2019
Ā If a firm is a price taker,
STC = 15q2 + 8q + 45
SMC = 30q + 8
a) Find the firm's fixed cost and variable cost, average total cost, and average variable cost in the short-run.
b) Find the firm's short-run supply curve function.
c) If P = 15 is given, what is the optimal output level for this firm to maximize its profit?
d) Does this firm have a shutdown price?
Ā If a firm is a price taker,
STC = 15q2 + 8q + 45
SMC = 30q + 8
a) Find the firm's fixed cost and variable cost, average total cost, and average variable cost in the short-run.
b) Find the firm's short-run supply curve function.
c) If P = 15 is given, what is the optimal output level for this firm to maximize its profit?
d) Does this firm have a shutdown price?
syedazmath1627Lv10
3 Feb 2023
24 Nov 2020
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