Question: Assume a firm has the cost function given by 3 i M 9 C(q) 43 4 + q + . Answer the following: Write your

Assume a firm has the cost function given by 3 i

Assume a firm has the cost function given by 3 i M 9 C(q) 43 4 + q + . Answer the following: Write your answers to 3 decimal places. a) Find the quantity level (1* > 0 that maximises the firm's profit, at the price levelp = 23. b) Calculate the short run shutdown quantity for the firm

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