Question
1 Solve for q, AVC - MC = 0 when given the following equations AVC = 10 - 0.03q + 0.00005q^2 MC = 10 -
1 Solve for q, AVC - MC = 0
when given the following equations
AVC = 10 - 0.03q + 0.00005q^2
MC = 10 - 0.06q + 0.00015q^2
2. If given the following equations
AVC = 10-0.03q+0.00005q^2
ATC = 10-0.03q+0.00005q^2 +100/q
and
MC = 10-0.06q+0.00015q^2
Solve AVC - MC = 0 for q
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
To solve the equations we need to set AVC MC equal to 0 and solve for q Lets solve each equation ...
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Microeconomics
Authors: Christopher T.S. Ragan, Richard G Lipsey
14th canadian Edition
321866347, 978-0321866349
