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R2 consider two companies in a market the company grilled sardines has a cost function: Csg (q)=q3 +2 q2 the island crab business has a
R2
consider two companies in a market the company grilled sardines has a cost function: Csg (q)=q3 +2 q2 the island crab business has a cost function: Cc(q)=2q2 +3q
1-What is the marginal cost of each of his two firms?
2-explain the consequences of this difference?
3-what is the average cost of each of his two companies, you must show your calculations
4-Draw the curve of the company's short-term supply to the island crabs. explain your approach
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