The standard best practice technology available to any firm


The standard best practice technology available to any firm in anindustry uses a factory with an Average Cost Curve given by:

AC= a-bq+cq^2

when output(q)= 0 then AC=10,
minimum AC=5 , this is achieved when output(q) =30

Solve for the parameters a,b and c?

Request for Solution File

Ask an Expert for Answer!!
Econometrics: The standard best practice technology available to any firm
Reference No:- TGS0582305

Expected delivery within 24 Hours