Assume a firm has the cost function given by c(q) = 48 4 + 15q + 19. Answer the following: Write your answers to 3
Assume a firm has the cost function given by c(q) = 48 4 + 15q + 19. Answer the following: Write your answers to 3 decimal places. a) Find the quantity level q* > 0 that maximises the firm's profit, at the price level p = 20. b) Calculate the short run shutdown quantity for the firm
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