Suppose that you estimate the following cost function for your company, which is a firm operating in a perfectly competitive market: TC = 100Q -...

Description


1.    Suppose that you estimate the following cost function for your company, which is a firm operating in a perfectly competitive market:   TC = 100Q - 4Q^2 + Q^3 ,a.     Compute and plot the average cost and marginal cost. This is what I put but don't know if it's correct.  AC = 100-4Q+Q^2MC = 100 - 16Q + 3Q^2 Over what range of output does economies of scale exist? Diseconomies of scale?

Question

Suppose that you estimate the following cost function for your company, which is a firm operating in a perfectly competitive market: TC = 100Q -...

  • Written in: 17-Oct-2019
  • Paper ID: 371932
Price: $ 15
 

Use the Order Now button below to Place a New Order for an Original, High-Quality Paper that passes all Plagiarism Checkers

Order Now




About this Question

STATUS

Approved

DATE ANSWERED

Oct 17, 2019

EXPERT

N/A

ANSWER RATING

Need Help with an Assignment?

Get Help with an Assignment

SSL Certificate website security