Question: Assume a firm's short-run cost function is given by the following expression: C (q) = 10 + q+q2 If the firm can sell each unit

Assume a firm's short-run cost function is given by the following

Assume a firm's short-run cost function is given by the following expression: C (q) = 10 + q+q2 If the firm can sell each unit of their output at a price of p = 3, what is the firm's profit maximizing level of output (q) in the short-run? 3 units of output The firm should shut down in the short-run because the profit is less than zero 1 unit of output O 2 units of output

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