anuwar

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Questions

The following questions were asked by visitors named anuwar.

. The short run cost function of the firm is of the form: TC = 300 + 50Q - 10Q2 + Q3. a) What is the value of fixed costs? b) Write expressions for ATC, AVC, AFC and the marginal cost. c) Calculate the output at which average total costs are minimized
4 years ago

Answers

The following answers were posted by visitors named anuwar.