At a price of 24 should a perfectly competitive firm, Ask an Expert

Economics

At a price of $24, should a perfectly competitive firm operate or shut down in a the short run if its TC is given as:

TC = 35 + 40Q - 0.4Q^2

Utilize the TC curve given below and calculate the output at the shut down point.

TC=400 + 100Q - 3Q^2 + 0.04Q^3

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9293418

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