Question: Assume a firm has the cost function given by 3 2 _ 5L _ L (:03) 43 4 + 14gr + 24. Answer the following:

Assume a firm has the cost function given by 3 2 _ 5L _ L (:03) 43 4 + 14gr + 24. Answer the following: Write your answers to 3 decimal places. a) (0.5 point) Find the quantity level (1* > O that maximises the firm's profit, at the price level p = 24. E b) (0.5 point) Calculate the short run shutdown quantity for the firm. 6 Please put an answer in each input field

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