Solved

If a Firm Has TC = 2q3/2 + 18q1/2

Question 37

Multiple Choice

If a firm has TC = 2q3/2 + 18q1/2 + 66, what is the shutdown price for this firm?


A) 2
B) 81
C) 12
D) 9

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q32: There are 100 identical demanders of product

Q33: Suppose a perfectly competitive firm has the

Q34: A competitive equilibrium:<br>A)is never Pareto- optimal.<br>B)requires a

Q35: In a perfectly competitive industry, an increase

Q36: Andrew's demand for fish is: Q<sub>A</sub>=12- 3P.

Q38: When referring to supply, the intensive margin

Q39: A necessary condition for an industry to

Q40: Mattel Toys Inc. is a competitive firm

Q41: A profit maximizing firm:<br>A)also minimizes marginal costs.<br>B)behaves

Q42: suppose there are two individual demand curves;