If the revenue function is equal to R(q) = 0.6q, the cost function is equal to c(q)= q/5 + ln(3q+1) + 1, the marginal cost function is Cm(q) = 3q+16/15q+5, at what levels of production are the cost and revnue functions growing at the same rate?

If the revenue function is equal to R(q) = 0.6q, the cost function is equal to c(q)= q/5 + ln(3q+1) + 1, the marginal cost function is Cm(q) = 3q+16/15q+5, at what levels of production are the cost and revnue functions growing at the same rate?

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter10: Cost Functions

Section: Chapter Questions

Problem 10.7P

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