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Short Run Cost Function

eBook (PDF), 4 Pages
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"The short-run cost function of a company is given by the equation TC=200+55q, where TC is the total cost and q is the total quantity of output, both measured in thousands. (a) What is the company’s fixed (b) If the company produced 100,000 units of goods, what is its average variable cost? (c) What is its marginal cost per unit produced? (d) What is its average fixed cost? "
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Product Details

Published
July 4, 2013
Language
English
Pages
4
File Format
PDF
File Size
655.92 KB

Formats for this Ebook

PDF
Required Software Any PDF Reader, Apple Preview
Supported Devices Windows PC/PocketPC, Mac OS, Linux OS, Apple iPhone/iPod Touch... (See More)
# of Devices Unlimited
Flowing Text / Pages Pages
Printable? Yes
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