Question
THE SHORT RUN COST FUNCTION OF THE FIRM IS THE FORM TC=300+50Q-10Q2+Q3 ,WHAT IS THE VALUE FIXED COST?
Answers
oobleck
well, which term is constant, regardless of the value of Q?
Or, to put it another way, what is the cost when nothing is produced? That is, when Q=0 ?
Or, to put it another way, what is the cost when nothing is produced? That is, when Q=0 ?