Marginal cost curve-firm would more money by shutting down

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The Murphy Corporation’s marginal cost curve is MC = 4 + 3Q, where MC is the cost (in dollars) of production the Qth unit of its product and Q is the number of units of its product produced per day. The price of a unit of Q is $3. A recent graduate of BECO 4310 is hired by the Murphy Corporation argues that based on this evidence, the firm would make more money by shutting down than by continuing to operate. Do you agree? EXPLAIN AND SHOW ALL CALCULATIONS.

Reference no: EM131101740

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