Question
Assume a firm's short-run cost function is given by the following expression: C(q)=100+10q2q^2+q^3 What is the lowest price (p) this firm would need to be
Assume a firm's short-run cost function is given by the following expression:
C(q)=100+10q2q^2+q^3
What is thelowest price(p) this firm would need to be able to sell their output for in order for them to maximize profits in the short-run by producing a strictly positive amount of output (q>0)?
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Mostly Harmless Econometrics An Empiricist's Companion
Authors: Joshua Angrist
1st Edition
1400829828, 9781400829828
