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Conigan Box Company produces cardboard boxes that are sold in bundles of 1000 boxes. The market is ...

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Conigan Box Company produces cardboard boxes that are sold in bundles of 1000 boxes. The market is ...

Conigan Box Company produces cardboard boxes that are sold in bundles of 1000 boxes. The market is highly competitive, with boxes currently selling for $100 per thousand. Conigan's total and marginal cost curves are:
      TC = 3,000,000 + 0.001Q2
      MC = 0.002Q
where Q is measured in thousand box bundles per year.
a.   Calculate Conigan's profit maximizing quantity. Is the firm earning a profit?
b.   Analyze Conigan's position in terms of the shutdown condition. Should Conigan operate or shut down in the shortrun?

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Microeconomics

Edition: 8^th

Author: Pindyck

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nakungth Author

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