5. In example 3.6 we calculated the firms cost, given its production plan, as C(q, P) =...
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5. In example 3.6 we calculated the firm’s cost, given its production plan, as C(q, P) = 75 +
4 3
q2 1 + q2 2 = 75 +
4 3
(225) + 625 = 1, 000 Is the firm’s fixed cost 75? Explain.
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