Question
Jim sells batteries for e-bikes. Jim's short-run cost function for e-bikes is given by C(q) = q 2 + 25q + 144 a. If the
Jim sells batteries for e-bikes. Jim's short-run cost function for e-bikes is given by C(q) = q2 + 25q + 144
a. If the market price is $75 per battery, how many batteries will Jim produce?
b. What is the price that will provide Jim zero profits?
c. If the price is below the level you found in part (b), will Jim shut down? If so, explain. If not, below what price will he shut down?
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Principles Of Economics
Authors: Robert H. Frank, Ben Bernanke Professor, Kate Antonovics, Ori Heffetz
6th Edition
0078021855, 9780078021855
