Question: Suppose your rival is still facing the nonlinear total cost function: C(x) = x + 10x + 1000, but the market price of his

Suppose your rival is still facing the nonlinear total cost function: C(x)

Suppose your rival is still facing the nonlinear total cost function: C(x) = x + 10x + 1000, but the market price of his product drops from $80 to $50. (i) Find your rival's new profit function. (i) Should he keep running his business in this case? Why or why not?

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