A firm's short-run cost function is C(q) = 200q - 6q 2 + 0.3q 3 + 400.
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A firm's short-run cost function is C(q) = 200q - 6q2 + 0.3q3 + 400. Determine the fixed cost, F; the variable cost function, AVC; the average cost, AC; the marginal cost, MC; and the average fixed-cost, AFC?
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Related Book For
Microeconomics Theory and Applications with Calculus
ISBN: 978-0133019933
3rd edition
Authors: Jeffrey M. Perloff
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