Obtain the profit maximizing rate of output

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Can you please explain how I obtain the profit maximizing rate of output? I also do not understand how if a price of the ties were to fall from $19 to $15, how many ties would be produced.

Lastly, how do you understand at what price a firm should shut down?

Reference no: EM13832894

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Obtain the profit maximizing rate of output : Can you please explain how I obtain the profit maximizing rate of output? I also do not understand how if a price of the ties were to fall from $19 to $15, how many ties would be produced. Lastly, how do you understand at what price a firm should shu..

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