Question
5. Suppose the short - run cost function of a firm is given by: TC = 6Q 3 -18Q 2 + Q + 100 Find:
5. Suppose the short - run cost function of a firm is given by: TC = 6Q3 -18Q2 + Q + 100
Find: a) The expressions for TFC and TVC?
b) The expressions for AFC, AVC, AC and MC?
c) The minimum value of MC and the minimum value of AVC?
d) What is the value of MC at the minimum AVC?
c
d
y
x
b
R1
z
a
M
1
R
e
XYZ
ABC
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Macroeconomics Principles And Policy
Authors: William J. Baumol, Alan S. Blinder
11th Edition
0324586213, 978-0324586213
