Give the formulas for and plot average fixed cost, AFC, marginal cost, MC, average variable cost, AVC, and average cost, AC, if the cost function is: C=6+9q−4q2+q3. Marginal cost is: MC = ?????enter your response here Average fixed cost is: AFC = ????enter your response here Average variable cost: AVC =???? enter your response here
Give the formulas for and plot average fixed cost, AFC, marginal cost, MC, average variable cost, AVC, and average cost, AC, if the cost function is: C=6+9q−4q2+q3. Marginal cost is: MC = ?????enter your response here Average fixed cost is: AFC = ????enter your response here Average variable cost: AVC =???? enter your response here
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 4SQ
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Question
Give the formulas for and plot average fixed cost, AFC, marginal cost, MC, average variable cost,
C=6+9q−4q2+q3.
Marginal cost is:
MC = ?????enter your response here
Average fixed cost is:
AFC = ????enter your response here
Average variable cost:
AVC =???? enter your response here
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