The estimated short-run cost function of a Japanese beer manufacturer is C(q) = 0.8g1.8, 500 At what positive quantity does the average cost function reach its minimum? If a $400 per-unit tax is applied to the firm, at what positive quantity is the after-tax average cost minimized? Average cost before the tax is minimized at a quantity of q = units. (Enter your response rounded to three decimal places.) Average cost with the 400 tax is minimized at a quantity of q = units. (Enter your response rounded to three decimal places.)

The estimated short-run cost function of a Japanese beer manufacturer is C(q) = 0.8g1.8, 500 At what positive quantity does the average cost function reach its minimum? If a $400 per-unit tax is applied to the firm, at what positive quantity is the after-tax average cost minimized? Average cost before the tax is minimized at a quantity of q = units. (Enter your response rounded to three decimal places.) Average cost with the 400 tax is minimized at a quantity of q = units. (Enter your response rounded to three decimal places.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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