If the cost function for Johns Shoe Repair is C(q) = 100 + 10q - q 2
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If the cost function for John’s Shoe Repair is C(q) = 100 + 10q - q2 + 13 q3, what is the firm’s marginal cost function? What is its profit-maximizing condition if the market price is p? What is its supply curve?
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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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