Illustrate what is the minimum price neccessary

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Q. Suppose that TC=100+15q, where TC is total cost and q is quantity produced. Illustrate what is the minimum price neccessary for this firm to produce any output in the short run?

Q. After computing a confidence interval, the user believes the results are meaningless because the width of the interval is too large. Which one of the following is the best recommendation?

Reference no: EM1349309

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