Question: 3.12 A Christmas tree seller has a cost function C = 6,860 + (pr+ t + 7/ 12)q + 37/27,000,000q3, where pT = $11.25 is

3.12 A Christmas tree seller has a cost function C =

3.12 A Christmas tree seller has a cost function C = 6,860 + (pr+ t + 7/ 12)q + 37/27,000,000q3, where pT = $11.25 is the wholesale price of each tree and t = $2.00 is the shipping price per tree. What is the sellers marginal cost function? What is the shutdown price? What is the sellers short run supply function? if the seller's supply curve is $(q, t), what is 6(q, tl/at? Evaluate it at pT= $11.50 and t = $2.00

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