Consider a firm which is characterized by cost function
Consider a firm which is characterized by cost function c(y)=y^3-6y^2+10y+32.
a) Describe the firm's entry-exit decision.b) Describe the firm's operation-shutdown decision.c) Describe the firm's supply.
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Consider a firm which is characterized by cost function c(y)=y^3-6y^2+10y+32. a) Describe the firm's entry-exit decision. b) Describe the firm's operation-shutdown decision. c) Describe the firm's supply.
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