Question
3) Suppose that a firm faces a marginal revenue curve given by P=200. The firm has a total cost function of = ^3 20^2 +
3) Suppose that a firm faces a marginal revenue curve given by P=200. The firm has a total cost function of = ^3 20^2 + 200 + 576.
a. What is the optimal quantity for this firm to produce?
b. What is the firm's short-run supply curve?
c. When p=105, will the firm shut down?
Show work please
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Economics Today The Macro View
Authors: Roger LeRoy Miller
18th Edition
0133884872, 978-0133884876
