Answer Happy

Posted: **Wed Jul 06, 2022 6:23 pm**

: 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 21 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.