Question

yuna

想問這一題如何計算🥹

3. Consider a perfectly competitive firm with the following
short-run total costs:
SRTC = 150 + 2q².
The corresponding short-run marginal cost is given by:
SRMC = 4q.
a. If the market price is $80, how much output will the
firm produce?
b. What will the firm's profits be at a price of $80?
c. Find the quantity of output for which marginal cost
equals average variable cost. What does this
information tell you about this firm's decision about
whether to shut down in the short run rather than
produce a positive quantity of output?

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