Question
A firm has short run total costs SC = 2q 3 8q 2 + 68q + 10 so SMC = 6q 2 16q
A firm has short run total costs SC = 2q3 – 8q2 + 68q + 10 so SMC = 6q2 – 16q + 68, SAVC = 2q2 – 8q + 68 and SAFC = 10/q. Calculate the shut-down price for this firm.
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Advanced Accounting
Authors: Debra C. Jeter, Paul Chaney
5th Edition
1118022297, 9781118214169, 9781118022290, 1118214161, 978-1118098615
