Hand written plz4. Suppose that a firm has a total cost function C(Q) = 500Q-4002² +42³. Find AVC,MC, min ATC. What market prices will lead to a long-run equilibrium?please walk through each step with anexplanation!

We have given cost which is a function of output (Q).

Answered: Hand written plz 4. Suppose that a firm…

Hand written plz 4. Suppose that a firm has a total cost function C(Q) 5000-40Q2 +4Q³. Find AVC, MC, min ATC. What market prices will lead to a long-run equilibrium? I

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Hand written plz
4. Suppose that a firm has a total cost function C(Q) = 500Q-4002² +42³. Find AVC,
MC, min ATC. What market prices will lead to a long-run equilibrium?
please walk through each step with an
explanation!

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Just a student stuck on this Economic question for awhile. Question in image. I appreciate you helping me learn :)
I need help solving problem 4 sections a-d. Please note that this is not graded work. I obtained this question from an old text book to help me practice problem sets. Do let me know if you have additional questions.