Answer to Question #127421 in Microeconomics for unknown

Question

Refer to the table below to answer the questions.
2.5) If the market price is $34, then in the short run the firm will operate. (1M)
2.6) If the market price is $30, then this firm will maximize profits by producing 3 units of output. (1M)
2.7) The shutdown point price for this firm is RM 30. (1M)
2.8) The lowest output this firm would produce before shutting down is ________ units. (1M)

Answer 1

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