ericgodfred5 ericgodfred5

24-12-2022
Mathematics

Answered

4. Suppose a firm’s short-run total cost curve is given by TC = 6Q2 + 5Q + 10
a) Derive the ATC, AVC, AFC, and MC functions (8 pts)
b) How many units will the firm supply if market price is 29 ? (2 pts)
c) How much is TR? How much is the profit? (4 pts)

Answer :

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