Mo Amein

Assume a firm operating under a short run production period with a total cost function given as TC=200+5Q+2Q^2. What must be the output size to minimize the average cost of production, and show if marginal cost of production is increasing or decreasing at...

4= Assume Mr. Abebe spends all his daily income of birr 100 on food, and he purchases bread and coffee. The price of a loaf of bread is birr 5, and the price of a cup of coffee is birr 10. If Mr Abebe purchases 5 cups of coffee and 10 loaf of bread, and m...