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Posted on Jun 23, 2024

A firms short run cost function is given by: c ( q ) = 5 0 + 1 0 q 6 q 2 + q

A firms short run cost function is given by:

c(q)=50+10q6q2+q3

what is the lowest price (p) could be if the firm is maximizing profits in the short run by producing a strictly positive amount of output (q>0)

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