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What are the shut-down and break-even points for the firm

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Reference no: EM13338330

The short-run total cost curve of a firm in a hypothetical market is given by:

STC=10Q2 + 4Q + 100

with short-run marginal cost given by SMC=20Q+ 4

There are 100 firms in the market. Market demand is Qd = 500-Pmkt What are the shut-down and break-even points for the firm?

Reference no: EM13338330

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