Question
Assume that this is the cost function for a perfectly competitive firm: Cost (q) = 5 q 2 + 20 For this cost function, Marginal
Assume that this is the cost function for a perfectly competitive firm: Cost (q) = 5 q2 + 20
For this cost function, Marginal Cost = MC = 10 q .
(45) Fill in the table with your values from your cost function.
q | Total Cost | AVC | AFC | ATC | MC |
0 | 20 | 0 | -- | -- | -- |
1 | |||||
2 | |||||
3 | |||||
4 | |||||
5 |
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Economics For Environmental Studies A Strategic Guide To Micro-And Macroeconomics
Authors: Alfred Endres, Volker Radke
2012th Edition
364231192X, 978-3642311925
