Question: thank you Use the cost function to answer the questions below: TC=6+60+.102 a) Below what price should the firm NOT produce? Explain why. b) What
Use the cost function to answer the questions below: TC=6+60+.102 a) Below what price should the firm NOT produce? Explain why. b) What is the marginal cost? C) If the output price pe10, solve for the optimal level of output. d) Using the cost function and the fact that p*O-revenue, calculate the total profit using your solution from parte
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