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If a firm is a price taker,
STC = 15q2 + 8q + 45
SMC = 30q + 8
a) Find the firm's fixed cost and variable cost, average total cost, and average variable cost in the short-run.
b) Find the firm's short-run supply curve function.
c) If P = 15 is given, what is the optimal output level for this firm to maximize its profit?
d) Does this firm have a shutdown price?
q.a consumer is in equilibrium at point a in the accompanying figure. the price of good x is 5.a. illustrate what is
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illustrate what price should it charge and how many DVDs should it order from each supplier.
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q1. bob consumes two commodities x and y say chocolate and classical music. more y never hurts but in order to enjoy y
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