Consider the short-run total cost function for semi-conductors (per thousand): STC(Q) = 2,500 +150( + 0.0250' a. What are fixed and average fixed costs (show
Consider the short-run total cost function for semi-conductors (per thousand): STC(Q) = 2,500 +150( + 0.0250' a. What are fixed and average fixed costs (show your calculations)? b. What are variable and average variable costs (show your calculations)? C. What is the marginal cost (show your calculations)
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