Find the firms fixed cost and variable cost average total, Business Economics

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Find the firms fixed cost and variable cost average total

If a firm is a price taker,

STC = 15q² + 8q + 45

SMC = 30q + 8

a) Find the firm's fixed cost and variable cost, average total cost, and average variable cost in the short-run.

b) Find the firm's short-run supply curve function.

c) If P = 15 is given, what is the optimal output level for this firm to maximize its profit?

d) Does this firm have a shutdown price?

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Business Economics: Find the firms fixed cost and variable cost average total

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Business Economics: Find the firms fixed cost and variable cost average total

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