Suppose a firm’s cost function is given by: C= 50 + 4q2 a) Find the equations for AFC, AVC and MC. b) If w=$4, what’s the short run production function for this firm?
Suppose a firm’s cost function is given by: C= 50 + 4q2 a) Find the equations for AFC, AVC and MC. b) If w=$4, what’s the short run production function for this firm?
Chapter10: Cost Functions
Section: Chapter Questions
Problem 10.6P
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Suppose a firm’s cost function is given by: C= 50 + 4q2 a) Find the equations for AFC,
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