Answer to Question #63686 in Microeconomics for Mage
A. What is the firm's profit-maximizing quantity? (6 mks)
B. Is the firm earning a profit? (7 mks)
C. What is the short-run shutdown price? (7 mks)
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Dear Willis, the answer B is correct. Please use panel for submitting new questions
Is the answer to question B correct? Going by the TC function of 200+0.2q2. Is it p2 or q2? I think the firm is making a loss of 75. Kindly help me understand this.