Assume a firm has the cost function given by c(q) = - q³ 48 +10g + 12. Answer the following: 4 Write your answers to 3 d

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Assume a firm has the cost function given by c(q) = - q³ 48 +10g + 12. Answer the following: 4 Write your answers to 3 d

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Assume A Firm Has The Cost Function Given By C Q Q 48 10g 12 Answer The Following 4 Write Your Answers To 3 D 1
Assume A Firm Has The Cost Function Given By C Q Q 48 10g 12 Answer The Following 4 Write Your Answers To 3 D 1 (123.73 KiB) Viewed 21 times
Assume a firm has the cost function given by c(q) = - q³ 48 +10g + 12. Answer the following: 4 Write your answers to 3 decimal places. a) Find the quantity level q* > 0 that maximises the firm's profit, at the price level p = 23. b) Calculate the short run shutdown quantity for the firm.
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