Question

4. Jim sells batteries for e-bikes. Jim’s short-run cost function for e-bikes is given by C(q)...

4. Jim sells batteries for e-bikes. Jim’s short-run cost function for e-bikes is given by C(q) = q^2 + 25q + 144

a. If the market price is $75 per battery, how many batteries will Jim produce?

b. What is the price that will provide zero profits?

c. If the price is below the level you found in part (b), will Jim shut down? If so, explain. If not, below what price will she shut down?

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