Consider the following cost function: 3 When output is 19 units, average cost is $ C=0.2q³-69² +80q+150. (Enter a numeric response using a real number rounded to two decimal places.) When output is 19 units, marginal cost is $. The output level where average variable cost equals marginal cost is units.
Consider the following cost function: 3 When output is 19 units, average cost is $ C=0.2q³-69² +80q+150. (Enter a numeric response using a real number rounded to two decimal places.) When output is 19 units, marginal cost is $. The output level where average variable cost equals marginal cost is units.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 17SQ
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