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[Shut-down rule] Consider the shut-down example of RainWear, who now faces demand of Pq=1000-2.5. Total costs...

  1. [Shut-down rule] Consider the shut-down example of RainWear, who now faces demand of Pq=1000-2.5. Total costs are now C = 25,000 + 25q+5q2. Find the firm’s profit-maximizing output, price, and profit. Should it shut-down in the short run? What if its fixed cost are $35,000; should the firm shut-down in the short run?

***Pretty sure I did it right, but I just wanna check. Thanks***

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