Finding the Average Cost Function

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"The total monthly cost for a small manufacture of swimwear is given by the equation
C(x) = 10,000+4X – 0.001X2"

Supply Curve for a Constant-Cost

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Calculate the Long run industry supply curve for a constant-cost industry, Marginal cost, Average total cost, output.

Decision Making Under Monopoly

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"What should the monopolist do?
1. Shut down
2. Increase output – to reduce economic loss
3. Decrease output
4. Increase output – to increase positive profit
"