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A firms production function C is given by C(q)=0.5q2+2q^1/2 +18, where q is the level of output. (i) Calculate marginal costs (ii) If all xed
A firms production function C is given by C(q)=0.5q2+2q^1/2 +18, where q is the level of output. (i) Calculate marginal costs (ii) If all xed costs are sunk, nd the minimum price at which this rm will choose to operate in the market
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Managerial Economics A Problem Solving Approach
Authors: Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
4th edition
1305259335, 978-1305259331
