Business, 05.12.2019 20:31 germainenez8403
Suppose a perfectly competitive firm's total cost of production (tc) is tc(q)equals=q cubedq3minus−66q squaredq2plus+4040qplus+1010, and the firm's marginal cost of production (mc) is mc(q)equals=3q squaredq2minus−1212qplus+4040. the firm's short-run supply curve is given by
a. pequals=3q squaredq2minus−1212qplus+4040 for prices above $3131.
b. pequals=q squaredq2minus−66qplus+4040 for prices above $3131.
c. pequals=3q squaredq2minus−1212qplus+4040 for prices above $33.
d. pequals=q squaredq2minus−66qplus+4040 for prices above $6262.
e. pequals=q squaredq2minus−66qplus+4040plus+sta rtfraction 10 over q endfraction 10 q.
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Suppose a perfectly competitive firm's total cost of production (tc) is tc(q)equals=q cubedq3minus−6...
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