Order the answer to: A competitive firm has the following short-run cost function: c(y)

Academic Help business economics Order the answer to: A competitive firm has the following short-run cost function: c(y)

business economics

Order the answer to: A competitive firm has the following short-run cost function: c(y)

Question A competitive firm has the following short-run cost function: c(y) = y3 â?? 8y2 + 30y + 5. (a) The firmâ??s marginal cost function is ___________. (b) The firmâ??s average variable cost function is ___________. (c) Average variable cost is falling as output rises if output is less than 4 and rising as output rises if output is greater than ______. (d) Marginal cost equals average variable cost when output is _______. (e) The firm will supply zero output if the price is less than _____. (f) The smallest positive amount that the firm will ever supply at any price is _____. At what price would the firm supply exactly 6 units of output? ______.
Subject business economics
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