Question 2 Assume a firm has the cost function given by Not yet answered c(q) = $ - + 10q +22. Marked out of Answer
Question 2 Assume a firm has the cost function given by Not yet answered c(q) = $ - + 10q +22. Marked out of Answer the following: 1.00 Flag Write your answers to 3 decimal places. question a) Find the quantity level q* > 0 that maximises the firm's profit, at the price level p = 21. b) Calculate the short run shutdown quantity for the firm
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