Question
1.A firm operate in a perfectly commutative market faces the following total cost function TC=Q 3 -9Q 2 + 80Q+12 from this, a)If the market
1.A firm operate in a perfectly commutative market faces the following total cost function
TC=Q3-9Q2+ 80Q+12 from this,
a)If the market price of a commodity which is produced by the firm is $ 40, how much should the firm produce & sale to be at equilibrium?
b)Calculate the output level at which the AVC reaches its minimum points?
c)What you advice the firm at existing market price? Why?
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Principles Of Microeconomics 2e By OpenStax
Authors: OpenStax
2nd Edition
1947172344, 978-1947172340
