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Question 2 Incorrect Suppose that a firm had a long-run total cost function given by: TC= 1734 +7q+6q. Calculate the optimal

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Answer #1

Optimal firm size= 17

Cliven - long-run total cost pm (LRTC). TC = 1734 472 +62 * optimal firm size = ? minimize the long-run Average cost function-1734 q? *+6 20 - 1734 - 6 q2 = 14134 be - psy [q* = ] 1734 qe = 269 q = 52.89 ♡ 2 = 177 optimal firm size # Second booler co

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