If the fixed costs are NOK 50,000 and the variable cost can be expressed as VC(Q)=NOK 4Q^2 where Q is the quantity. What is the marginal cost of the quantity that produces the lowest average cost per unit?
If the fixed costs are NOK 50,000 and the variable cost can be expressed as VC(Q)=NOK 4Q^2 where Q is the quantity. What is the marginal cost of the quantity that produces the lowest average cost per unit?
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 17SQ
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