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if you act as a business consultant, what will you do with this problem? As a business consultant, recently you have been asked to help

if you act as a business consultant, what will you do with this problem?

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As a business consultant, recently you have been asked to help one small local palm plantation company to make decision about the continuation of their business. In the local market, the price of oil palm fresh fruit bunchesis falling sharply. On the other hand, there are manyplayers in this industry, and the price of the product is determined by the market supply and demand. The market demand is given Q = 16 - P. Where P is the price of palm oil (USD/kg) and Q is the quantity in the market per hundred thousand kg/day. The market supply function that consists of 100 companies is Q = -11 + 25P. Regarding to your client information, the company's cost function is C(Q) = 0.0008 + 0.44Q + 2Q2. Therefor, to help this company you need to find some information such as: a. The inverse demand function b. Marketoutput and price C. Your client output level that can maximize its profitability d. Company's average total cost (ATC) e. In the short run, do you think the company should shut down its business? Explain! f. Calculate company's profit! What would be happen in the market in the long run

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