Consider the following cost function: C= 0.3q3 - 6q? + 90q + 100. When output is 18 units, average cost is SĮ (Enter a numeric response using a real number rounded to two decimal places.) When output is 18 units, marginal cost is $ The output level where average variable cost equals marginal cost is units.
Consider the following cost function: C= 0.3q3 - 6q? + 90q + 100. When output is 18 units, average cost is SĮ (Enter a numeric response using a real number rounded to two decimal places.) When output is 18 units, marginal cost is $ The output level where average variable cost equals marginal cost is units.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 4SQ
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