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Is my answer suppose to be 5? Since they can not produce at decimal. Supply in a Competitive Market - End of Chapter Problem Hack's
Is my answer suppose to be 5? Since they can not produce at decimal.
Supply in a Competitive Market - End of Chapter Problem Hack's Berries faces a short-run total cost of production given by TC=Q312Q2+100Q+1,000 where Q is the number of crates of berries produced per day. a. What is Hack's fixed cost (FC) ? FC=$ b. What is the equation for Hack's short-run average variable cost(AVC) ? AVC= c. If berries sell for $60 per crate, how many berries should Hack produce?(Hint: must first find minimum AVC - recall two ways to find this learned in Unit 3) IncorrectStep by Step Solution
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