Asked by [email protected]
1. A firm produces a product in a competitive industry and has a short-run total cost function C(q) =4q2+16.
a. Derive the supply function of the firm.
b. Find the output that minimizes average total cost.
c. At what range of prices will the firm produce a positive amount of output?
d. At what range of prices will the firm earn a negative profit
a. Derive the supply function of the firm.
b. Find the output that minimizes average total cost.
c. At what range of prices will the firm produce a positive amount of output?
d. At what range of prices will the firm earn a negative profit
Answers
Answered by
[email protected]
1. A firm produces a product in a competitive industry and has a short-run total cost function C(q) =4q2+16.
a. Derive the supply function of the firm.
b. Find the output that minimizes average total cost.
c. At what range of prices will the firm produce a positive amount of output?
d. At what range of prices will the firm earn a negative profit
a. Derive the supply function of the firm.
b. Find the output that minimizes average total cost.
c. At what range of prices will the firm produce a positive amount of output?
d. At what range of prices will the firm earn a negative profit
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.