I the cost function for johns shoe repair is cq


If the cost function for John's Shoe Repair is C(q) = 100+10q-q^2+(1/3)q^3, what is the firm's marginal cost function? What is its profit maximizing condition if the market price is p? What is its supply curve?

Solution Preview :

Prepared by a verified Expert
Macroeconomics: I the cost function for johns shoe repair is cq
Reference No:- TGS0669955

Now Priced at $10 (50% Discount)

Recommended (93%)

Rated (4.5/5)