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nakungth nakungth
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6 years ago
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?
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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oracledarrenoracledarren
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6 years ago
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nakungth Author
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#2
5 years ago
Thank you!
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