[Solved] Consider the following total cost function (Q = output) of a perfectly competitive firm: TC = 150 + 200 Q - 9Q 2 + 0.25Q 3 What is the fixed cost?


Question: Consider the following total cost function (Q = output) of a perfectly competitive firm:

TC = 150 + 200 Q - 9Q 2 + 0.25Q 3

What is the fixed cost? What is the average cost if the firm produces 15 units? Find the shut-down point of this firm.

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Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document

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