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hi hi I need help with number 6 Please. 6a,b and c ' '' 'VI '1 ' ' r'*') a. Find the average

hi hi I need help with number 6 Please. 6a,b and c

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"\""'"" \"" "'"' """\""\" 'VI '1 \"' \\' r"'*"') a. Find the average cost function h. Find the marginal cost function 0. Find the level of output that yields the minimum average cost of production d. Find the average variable cost function e. At what level of output does average variable cost equal marginal cost? 5. Your cost function is C (W1, wz, y) = 2w:/2w21/ 2313/ 2, where wi is the price per unit of input 1', and y is the number of units of output. Suppose W1 = wz = $1, and the price per unit of output is Sp. (3 points) a. Find the marginal cost lnction. b. Find the supply function. [hintz you might want to consult pp. 393 of your textbook] 6. We will think about agricultural land use surrounding city X. City X is located in the middle of a featureless plain. The price of wheat at the market at the center of city X is $10 a bushel, and it only costs $5 a bushel to grow wheat. However, it costs 10 cents a mile to transport a bushel of wheat to the center of city X. (5 points) a. If a farm is located 1' miles from the center of town, write down a formula for its prot per bushel of wheat transported to market. b. Suppose you can grow 1,000 bushels on an acre of land. How much will an acre of land located t miles from the market rent for? a. How far away from the market do you have to be for land to be worth zero

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