Question: Assume a firm has the cost function given by 13 12 C(q) = E T +10q+16. Answer the following: Write your answers to 3 decimal

Assume a firm has the cost function given by 13 12

Assume a firm has the cost function given by 13 12 C(q) = E T +10q+16. Answer the following: Write your answers to 3 decimal places. a) Find the quantity level q* > 0 that maximises the firm's profit, at the price level p = 24. E b) Calculate the short run shutdown quantity for the firm. |:|

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