A Christmas tree seller has a cost function C = 6,860 + (pT + t + 7/12)q
Question:
A Christmas tree seller has a cost function C = 6,860 + (pT + t + 7/12)q + 37/27,000,000q3, where pT = $11.50 is the wholesale price of each tree and t = $2.00 is the shipping price per tree.
What is the seller’s marginal cost function? What is the shutdown price? What is the seller’s short-run supply function? If the seller’s supply curve is S(q, t), what is 0(q, t)/0t? Evaluate it at pT = $11.50 and t = $2.00. (Hint: See Solved Problem 8.2) M
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Shem Ongek
I am a professional who has the highest levels of self-motivation. Additionally, I am always angled at ensuring that my clients get the best of the quality work possible within the deadline. Additionally, I write high quality business papers, generate quality feedback with more focus being on the accounting analysis. I additionally have helped various students here in the past with their research papers which made them move from the C grade to an A-grade. You can trust me 100% with your work and for sure I will handle your papers as if it were my assignment. That is the kind of professionalism that I swore to operate within. I think when rating the quality of my work, 98% of the students I work for always come back with more work which therefore makes me to be just the right person to handle your paper.
174+ Reviews
426+ Question Solved
Related Book For 
Microeconomics Theory And Applications With Calculus
ISBN: 9780133019933
3rd Edition
Authors: Jeffrey M. Perloff
Question Posted:
