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At what range of prices will the firm supply zero output

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Reference no: EM13321655

A competitive firm has the following short-run cost function: C(q) = q3 - 8q2 + 30q + 5.

a. Find Me, AC, and AVC and sketch them on a graph.

b. At what range of prices will the firm supply zero output?

c. Identify the firm"s supply curve on your graph. d. At what price would the firm supply exactly 6 units of output?

Reference no: EM13321655

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