Suppose that the long-run cost function for a perfectly competitive firm in the personal computer business is O' (q) = 4q? + 2500 for q
Suppose that the long-run cost function for a perfectly competitive firm in the personal computer business is O' (q) = 4q? + 2500 for q > 0. What is the marginal cost function, MC (q)? O MC (q) = 8q + 2500 MC (q) = 4q MC (q) = 8q MC(q) = 4q + 2500 MC(9) =49
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
