Question
. A firm's total costs c are c = 4q2 Where q is the level of output. It can sell any number of units of
. A firm's total costs c are
c = 4q2
Where q is the level of output. It can sell any number of units of output at a price of 64. However, production inflicts damage on the firm's neighbours. The total damage D inflicted depends on the firm's output:
D = 4q + q2
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Econometric Analysis Of Cross Section And Panel Data
Authors: Jeffrey M Wooldridge, J M Wooldridge
2nd Edition
0262232588, 9780262232586
