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AChinese high technology manufacturing firm has a production function of q= 16L0 20KO 00 based on Zhang, et al., 2012). It faces prices of w= $2 and r $8. What are its short-run average variable and marginal cost curves? Let K be fixed in the short run. The firm's short-run average variable cost curve, AVC, as a function of K and q is AVC = S(Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. Eg, a superscript can be created with the character)

AChinese high technology manufacturing firm has a production function of q= 16L0 20KO 00 based on Zhang, et al., 2012). It faces prices of w= $2 and r $8. What are its short-run average variable and marginal cost curves? Let K be fixed in the short run. The firm's short-run average variable cost curve, AVC, as a function of K and q is AVC = S(Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. Eg, a superscript can be created with the character)

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A Chinese high technology manufacturing firm has a production function of q= 16L0 20K0 80 (based on Zhang, et al., 2012). It faces prioces of w = $2 and r= $8. What are its short-run average variable and marginal cost curves? Let K be fixed in the short run. %3D The firm's short-run average variable cost curve, AVC, as a function of K and q is (Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. Eg, a superscript can be created with the A AVC = character.)
Transcribed Image Text:A Chinese high technology manufacturing firm has a production function of q= 16L0 20K0 80 (based on Zhang, et al., 2012). It faces prioces of w = $2 and r= $8. What are its short-run average variable and marginal cost curves? Let K be fixed in the short run. %3D The firm's short-run average variable cost curve, AVC, as a function of K and q is (Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. Eg, a superscript can be created with the A AVC = character.)
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