Write out equations for marginal cost mc average total cost


1. Consider the supply decisions of a rm with SR cost function

C(q) = 1200 +1/25q^4

(a) Write out equations for marginal cost (MC), average total cost (ATC), and average variable cost (AVC), and show these on a properly-labeled graph.

 

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Microeconomics: Write out equations for marginal cost mc average total cost
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