Order the answer to: A firm’s long-run total cost function is C = 360

Assignment Help business-economics Order the answer to: A firm’s long-run total cost function is C = 360

business-economics

Order the answer to: A firm’s long-run total cost function is C = 360

Question A firm’s long-run total cost function is C = 360 + 40Q + 10Q2. a. What is the shape of the long-run average cost curve? b. Find the output that minimizes average cost. c. The firm faces the fixed market price of $140 per unit. At this price, can the firm survive in the long run? Explain.
Subject business-economics
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