The long-run cost function for a firm in the personal computer business is: C(q) = 8g²+7200 for q> 0. What is the average cost function AC (q)? AC (q) = 16q AC(q) =8q+7200

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Chapter1: Making Economics Decisions
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The long-run cost function for a firm in the personal computer business is: C(q) = 8q² + 7200,
for q> 0.
What is the average cost function AC (g)?
AC (q) = 16q
AC (q) = 8q+
7200
9
AC (q) = 16q+
AC (g) 16q+7200
AC(q) = 8q+7200
=
7200
9
The long-run cost function for a firm in the personal computer business is: C(q) = 8q² + 7200.
for q> 0.
What is the marginal cost function MC (q)?
MC(q) = 8q+7200
MC(q) = 8q
MC (g)
MC (q) = 16q
MC (q) = 16q+
16q+72000
7200
The long-run cost function for a firm in the personal computer business is:
C(q) = 8q²+7200, for q> 0.
At what level of output does average cost equal marginal cost?
The level of output at which average cost and marginal cost are equal is
type your answer...
-01
Transcribed Image Text:The long-run cost function for a firm in the personal computer business is: C(q) = 8q² + 7200, for q> 0. What is the average cost function AC (g)? AC (q) = 16q AC (q) = 8q+ 7200 9 AC (q) = 16q+ AC (g) 16q+7200 AC(q) = 8q+7200 = 7200 9 The long-run cost function for a firm in the personal computer business is: C(q) = 8q² + 7200. for q> 0. What is the marginal cost function MC (q)? MC(q) = 8q+7200 MC(q) = 8q MC (g) MC (q) = 16q MC (q) = 16q+ 16q+72000 7200 The long-run cost function for a firm in the personal computer business is: C(q) = 8q²+7200, for q> 0. At what level of output does average cost equal marginal cost? The level of output at which average cost and marginal cost are equal is type your answer... -01
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