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A) Suppose you are a manager of a perfectly competitive firm and have the following total cost function: C(Q) = 5,000 + 200Q -6Q2+ 0.1Q3.What

A) Suppose you are a manager of a perfectly competitive firm and have the following total cost function: C(Q) = 5,000 + 200Q -6Q2+ 0.1Q3.What are your losses if you shut down and produce nothing?

B) Suppose you are a manager of a perfectly competitive firm and have the following total cost function: C(Q) = 5,000 + 200Q - 6Q2+ 0.1Q3.What is the minimum price you need in order to produce in the short run?

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