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1. The perfect competition market firm has the following short-term cost function: C(q) = q - 8q' +30q +5 a. Calculate MC, AC, AVC and
1. The perfect competition market firm has the following short-term cost function: C(q) = q - 8q' +30q +5 a. Calculate MC, AC, AVC and draw the curves. b. At what price level does the firm not offer any output? c. Determine the firm's supply curve on your figure. d. What is the price level when the firm offers 6 units of output
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Business Mathematics In Canada
Authors: Ernest Jerome
7th edition
978-0071091411, 71091416, 978-0070009899
