The production manager of a clothing manufacturer estimates that the total annual cost of producing men's suits is given by the equation: C = 5,000 + 4,100Q - 8Q² + .004Q³. If the market price of suits is constant, what is the shutdown level of output in the short run? What is the minimum price the firm can accept?

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The Answer of The production manager of a clothing manufacturer estimates that the total annual cost of producing men's suits is given by the equation: C = 5,000 + 4,100Q - 8Q² + .004Q³. If the market price of suits is constant, what is the shutdown level of output in the short run? What is the minimum price the firm can accept?

The Production Manager of a Clothing Manufacturer Estimates That the Total