Lelu Runs a Firm That Sells Multipasses to Intergalactic Cruises

question 97

Essay

Lelu runs a firm that sells multipasses to intergalactic cruises.Her short-run cost function is given by
C(q)= q² + 25q + 144
a.If the market price is $75/pass,how many units will Lelu produce?
b.At what price will Lelu earn zero profits?
c.If the price is below the level you found in b. ,will Lelu shut down? If so,explain.If not,below what price will she shut down?

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Definitions:

Ancillary Workers

Support staff who provide essential services that complement the primary functions of an organization, but are not part of the core workforce.

Enhancing Productivity

The act of increasing the efficiency and effectiveness of processes or systems to produce more output with the same or fewer inputs.

Employee Motivation

Involves the processes and factors that drive employees to perform optimally, including both intrinsic motivators, like job satisfaction, and extrinsic motivators, such as rewards and recognition.

Organizational Competitiveness

Organizational competitiveness refers to the ability of an organization to develop and maintain advantages over its competitors through its products, services, strategies, or internal efficiencies.