Multiple Choice
A firm's short-run total cost is TC = 10,100 + 7,700Q - 100Q2 + Q3/3, and its marginal cost is MC = 7,700 - 200Q + Q2. What is the firm's shutdown price?
A) $45
B) $200
C) $1,100
D) $18
Correct Answer:
Verified
Correct Answer:
Verified
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