Imagine a firm in a perfectly competitive market has the short run cost function SRTC=200+10q+0.5q2, where q is the number of units they produce. What is the shut-down price for this firm?

Suppose that a price-taking firm in a perfectly competitive market has the following cost function: C(Q) = A + 0.5Q² where A $100.0 are fixed cost. Also, MC(Q)=Q. All fixed cost are sunk. What is the firm's shut down price? No units, no rounding. Your Answer: Your Answer

Consider a firm with a short run Total Cost (TC) given by TC=900+15Q-8Q2+2Q3. What is the firm's marginal cost? What is firm's shut down price?

In a perfectly competitive market with constant cost industry and with the market demand Q=1,800-10p, each of the identical firms operating in it has a total cost function TC(q) = 100 + 4q2 . How many firms are there in the market in long run equilibrium?

The intersection of the average variable cost curve and the marginal cost curve, which shows the price where the firm would lack enough revenue to cover its variable costs, is called the:   Shutdown point Equilibrium Profit Loss

A competitive firm has the short-run cost function C(y) = 12y3−8y2+30y+12. At what price will the firm agree to produce in the short run? What is the shutdown condition for this firm? Show all working and explanation.

A firm operates in a perfectly competitive market. The firm’s total cost of production is given by the following equation: TC(q) = 100 + 48q2 + 5q, where q is the quantity supplied. What is the shutdown point for this firm in the short run, or in other words, what is the market price below which a firm is better off not supplying any units in the short run? [Advice: draw AVC and MC]

Dietrick owns a ‘custom built’ gaming laptop company and his total cost function is given by TC =  4q3 - 2q2 + 1997. His profit maximizing quantity is 20 laptops. What is the price of his laptop in the long run in a perfectly competitive industry?

Suppose that a firm is in a perfectly competitive market has a long-run cost function given by the following: C(Q) = 400+ 0.25Q² This implies a Marginal Cost Function also given by: MC(Q) = 0.5Q 1. Plot a figure with this firm's LRAC and MC functions. Have quantity (Q) on the x-axis, and these costs on the y-axis. !