Compute the average cost function for skateboards. what, Ask an Expert

Economics

the long-run production function for a firm producing skateboards is Q3-40q2+430q where q is the number of skateboards per week.

a) what is the general shape of this total cost function

b) compute the average cost function for skateboards? what shape does the graph of this function have? at what level of skateboard output does average cost reach minimum? what is the average at this level of output

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9277852

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