Question
Bushra Inc. has a cost function c (q) = 1/3 q^3 + q + 10 A. What are the marginal cost and average total cost
Bushra Inc. has a cost function c (q) = 1/3 q^3 + q + 10
A. What are the marginal cost and average total cost functions?
B. What is the minimum of average variable cost?
C. If a firm with this cost function is a price taker and price is p, what is it's supply function?
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Contemporary Labor Economics
Authors: Campbell R. McConnell, Stanley L. Brue, David Macpherson
11th Edition
1259290602, 1259290603, 978-1259290602
