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Rick's ski board factory has the Total Cost function TC(Q) = 0.0203 + 300Q +200 where Q is the number of pairs of ski boards.
Rick's ski board factory has the Total Cost function TC(Q) = 0.0203 + 300Q +200 where Q is the number of pairs of ski boards. Rick's ski boards can be sold at $400 per pair. Fill in the blank with pure numbers (round to the closest integer) : Optimal output, Q' = Profit if Open for business in the short run, my Profit if Shut down temporarily in the short run, 12 Should Rick decides to Open for business in the short run (only input: Yes No)? Should Rick decides to Exit the market in the long run (shut down the business permanently) (only input: Yes/No)
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