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What is the firm shutdown price

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A. Firm in a competitive market faces a market price of $18/unit, and its cost function is TC = 86 + 12Q - 1.6Q2 + 0.1Q3. 

What is the firm's profit-maximizing output, to the nearest 0.1 unit?

B. Firm in a competitive market faces a market price of $18/unit, and its cost function is TC = 86 + 12Q - 1.6Q2 + 0.1Q3. 

What is the maximum profit, to the nearest $0.1?

C. firm in a competitive market has a cost function: TC = 86 + 12Q - 1.6Q2 + 0.1Q3. 

What is the firm's shutdown price, to the nearest $0.1?

Reference no: EM132410778

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