Question
Consider a firm with short-run cost functionC(q)=3q 3 +5q+6, where 6 represents fixed costs. Below which price does the firm shut down in the short-run?
Consider a firm with short-run cost functionC(q)=3q3+5q+6, where 6 represents fixed costs. Below which price does the firm shut down in the short-run? (round your answer to one decimal place if necessary)
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Historical Perspectives On The American Economy Selected Readings
Authors: Robert Whaples, Dianne C Betts
1st Edition
0521466482, 9780521466486
