A firm has two plants that produce identical output. The costs functions are C,=10g-4q² + q³ MG,=10-89 + 39 and C,=10q-2q + q³ a At what output levels does the average cost curve of each plant reach its minimum? b If the firm wants to produce four units of output, how much should it produce in each plant?

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A: Answer to the question is as follows :

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A:

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A: Given  TC = C (x) = x2 + 8x + 6000

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A: TVC = TC - TFC = 4,000 - 2,000 = $2,000

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Q: Given the production function: q(K,L) = 3K +L, r=6, w= 3. What is the total cost function, C(a)? A.…

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A:

Q: 25) If a firm has the cost function C(q) = 5q² + 20q + 180 and the marginal cost function MC(q) =…

A: average cost or unit cost is equal to total cost divided by the number of units of a good produced…

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A: Given information: Variable cost when the firm produces 1 unit = 3 Variable cost when the firm…

Q: Consider the following function: Ĉ = 0.03q + 6 + 200/q - determine the approximate cost to increase…

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A: Given the information: C(q) = 100 + 10q + q2

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A: Average Fixed Cost (AFC): It is per unit fixed cost. It continuously decreases because the same…

Q: A firm has access to two production processes with the following marginal cost curves: MC1 = 0.25x…

A:

Q: Consider a simple three-step manufacturing process as illustrated in the figure given. Assuming the…

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A: Costs are the expenses that firms incur in the production of goods and services.

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A: Total cost is the cost that includes fixed cost as well as the variable cost of the production…

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A: The provided information are: Total fixed cost = $300000 Average variable cost = $80

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A: Answer to the question is as follows:

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A: Dear student, you have asked multiple sub-part questions in a single post and have not mentioned…

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A: It is given that;

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A: Given : P(X) = 200 - 0.01X  C(x) = 50X + 20.000