A price-taker firm has a short run total cost function given by: TC=1.2+5q+0.3q2. Calculate the short...

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Question

A price-taker firm has a short run total cost function given by: TC=1.2+5q+0.3q2. Calculate the short run price at which this

Answer 1

Answer #1

# TC= 12 +59 +0.392 Variable cort (Velz 58 +6392 Ave (Average variable Cort)59+0.392 AVC 25 +0. 39 Since Ave is Cinear functi

Answer 2

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