A firms long run average cost curve is estimated by the equation LAC 1,000 2 3Q 005Q 2 What is the lowest price per unit sold that would prevent the firm from shutting down in the long run ...

Assumption Perfect Competition Proof In the long run the firm would oper ...

A firms long-run average cost curve is estimated by the equation: LAC = 1,000 2.3Q +

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A firm’s long-run average cost curve is estimated by the equation: LAC = 1,000 – 2.3Q + .005Q ² . What is the lowest price per unit sold that would prevent the firm from shutting down in the long run?

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Microeconomics Theory and Applications with Calculus

ISBN: 978-0133019933

3rd edition

Authors: Jeffrey M. Perloff

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Posted Date: Mar 20, 2019 09:48 AM

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A firms long-run average cost curve is estimated by the equation: LAC = 1,000 2.3Q +

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Microeconomics Theory and Applications with Calculus

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