4. A profit-maximizing firm has cost function C(Q) = 500 + 10Q + 200. 4a.What is the firm's marginal cost function? MC=10+40Q 4b. Find the firm's long-run supply function.
4. A profit-maximizing firm has cost function C(Q) = 500 + 10Q + 200. 4a.What is the firm's marginal cost function? MC=10+40Q 4b. Find the firm's long-run supply function.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter22: Perfect Competition
Section: Chapter Questions
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4a and 4b lart both solve plzzzzz hand written plzzz
![4. A profit-maximizing firm has cost function C(Q) = 500 + 10Q + 20Q?.
4a.What is the firm's marginal cost function? MC=10+40Q
4b. Find the firm's long-run supply function.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F08f5464b-718a-4c13-ae56-3d4adddae991%2F93ae1328-eb5a-4580-bb0c-0e4c32b70c94%2Frlo28ii_processed.jpeg&w=3840&q=75)
Transcribed Image Text:4. A profit-maximizing firm has cost function C(Q) = 500 + 10Q + 20Q?.
4a.What is the firm's marginal cost function? MC=10+40Q
4b. Find the firm's long-run supply function.
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