A manufacturing plant has a short-run cost function of C(q) = 100q-4q² +0.2q³+ 450.(a) What is the firm's short-run fixed cost and variable cost function?

Short Run Cost is the cost which has short-term inferences in the assembling strategies, i.e., these…

Answered: manufacturing plant has a short-run…

manufacturing plant has a short-run cost function of C(q) = 100q 72 +0.2q³ + 450. What is the firm's short-run fixed cost and variable cost function?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A manufacturing plant has a short-run cost function of C(q) = 100q-
4q² +0.2q³+ 450.
(a) What is the firm's short-run fixed cost and variable cost function?

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