2.12 The estimated short-run cost function of a Japanese beer manufacturer is C(q) = 0.55q1.67 + 800/q
Question:
2.12 The estimated short-run cost function of a Japanese beer manufacturer is C(q) = 0.55q1.67 + 800/q (see the Application “Short-Run Cost Curves for a Japanese Beer Manufacturer”). At what positive quantity does the average cost function reach its minimum?
If a $400 lump-sum tax is applied to the firm, at what positive quantity is the after-tax average cost minimized? M L-9687
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Microeconomics Theory And Applications With Calculus
ISBN: 9780135183779
5th Edition
Authors: Jeffrey M. Perloff
Question Posted: