Question
a firm sells its output for $20 per unit and has atotal cost function TC=16+17Q-9Q2+Q3. (a)state the firms fixed costs. (b)determine the firm's marginal cost
a firm sells its output for $20 per unit and has atotal cost function TC=16+17Q-9Q2+Q3.
(a)state the firms fixed costs.
(b)determine the firm's marginal cost function.
(c)determine the firm's average cost function.
(d)determine the firm's total profit function.
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Macroeconomics Theories and Policies
Authors: Richard T. Froyen
10th edition
013283152X, 978-0132831529
