Aramco inc operates in a competitive market with the cost


Aramco Inc operates in a competitive market with the cost function as follows: TC = 100 + q3 – 12q2 + 60q

a) If the price per unit is $ 20, find equilibrium level of output.

b) Determine the shutdown quantity of this firm.

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Business Economics: Aramco inc operates in a competitive market with the cost
Reference No:- TGS01291342

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