Web9 sep. 2024 · Calculate the shut-down price of this firm? Expert's answer MC=400-40Q+3Q^2 MC = 400−40Q +3Q2 If p=250 the firm will not have profit. If p=300 400-40Q+3Q^2=300 400−40Q+3Q2 = 300 Q=10 Q = 10 Need a fast expert's response? Submit order and get a quick answer at the best price for any assignment or question with … Web12 aug. 2024 · The Shut-Down Condition. We can simplify the inequality even further and arrive at the conclusion that the firm will want to produce if the price it receives for its …
Microeconomics Profit Maximization: Shutdown Point
WebAs the market price rises, the firm will supply more of its product, in accordance with the law of supply. If, however, the market price, which is the firm's marginal revenue curve, falls below the firm's average variable cost, the firm will shut down and supply zero output. The firm's short‐run supply curve is illustrated in Figures (a) and (b). WebThe short run shutdown point for a competitive firm is the output level at the minimum of the average variable cost curve. Assume that a firm's total cost function is TC = Q 3 -5Q 2 … mt 難しい
Shutdown or Continue Decision: Reason, Example
Web3 jan. 2024 · Answer to Question #284631 in Economics for mara. 3. A cloth producing firm in a perfectly competitive market has the following short-run total cost function: TC = 6000 + 400Q – 20Q2 + Q3 . If the prevailing market price is birr 250 per unit of cloth, A) Should the firm produce at this price in the short-run? Web10 okt. 2024 · As seen previously, the break-even point is the point at which the marginal cost (MC) equals the average total cost (ATC). The shut-down point of production, on … Web22 jun. 2024 · To use it, first, click the Start button, which is the button with the Windows logo on it in the corner of your screen. In the Start menu that pops up, select the power icon (a circle with a small vertical line intersecting its top) in the left side of the menu. Next, click “Shut Down” in the small secondary menu that appears. mt 運転のコツ