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.
Chapter1: Making Economics Decisions
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the long-run supply function ..Hand written plz
![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%2F1ffa5353-fdbb-41e2-b4a4-61c6ff3cb358%2Fe5c123e3-5a56-4cf4-954f-8d6661ef9fac%2Fo5ed715_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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