(Answered) Its estimated inverse demand function in that market is

Management Studies

Its estimated inverse demand function in that market is given by p = 180 - 3q. To enter the market, the firm must invest $500 in machines and tools. The variable cost of production is given by 15q². Suppose that the capital cost (machines and tools) is not fully sunk but can be sold at some price M. What should be the minimum value of M for which the firm will decide to shut down? (How to determine the M?)

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