Assume a firm has the cost function given by c(q) = −²+12q + 11. 48 Answer the following: Write your answers to 3 decima

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Assume a firm has the cost function given by c(q) = −²+12q + 11. 48 Answer the following: Write your answers to 3 decima

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Assume A Firm Has The Cost Function Given By C Q 12q 11 48 Answer The Following Write Your Answers To 3 Decima 1
Assume A Firm Has The Cost Function Given By C Q 12q 11 48 Answer The Following Write Your Answers To 3 Decima 1 (12.95 KiB) Viewed 20 times
Assume a firm has the cost function given by c(q) = −²+12q + 11. 48 Answer the following: 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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