Question

Consider the problem of a competitive firm which has fixed costs of $1000, semi-fixed-costs of $1000, and variable costs given by q^2.

What is the maximum market price at which the firm decides to supply zero?

Mar 12, 2014

nvmd got it.

Mar 12, 2014

mind share the answer?

Mar 19, 2014

I think that the answer is 2*sqrt(1000)

Mar 20, 2014

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