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please answer all if the points 16. For the firm in problem 15, the manager estimated the average variable cost function as AVC = 20
please answer all if the points
16. For the firm in problem 15, the manager estimated the average variable cost function as AVC = 20 -0.07Q+0.0001 where AVC was measured in dollars per unit and Q is the number of units sold. .. What is the estimated marginal cost function? b. What is the optimal level of production in 2014? bong. What is the optimal price in 2014? 4. Check to make sure that the firm should actually produce in the short run rather than shut down In addition, the manager expects fixed costs in 2014 to be $22,500. e. What is the firm's expected profit or loss in 2014? C. 16. For the firm in problem 15, the manager estimated the average variable cost function as AVC = 20 -0.07Q+0.0001 where AVC was measured in dollars per unit and Q is the number of units sold. .. What is the estimated marginal cost function? b. What is the optimal level of production in 2014? bong. What is the optimal price in 2014? 4. Check to make sure that the firm should actually produce in the short run rather than shut down In addition, the manager expects fixed costs in 2014 to be $22,500. e. What is the firm's expected profit or loss in 2014? C Step by Step Solution
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