If there are no fixed costs of production the q that solves, Ask an Expert

Economics

If there are no fixed costs of production, the q that solves the firm’s first-order condition is

(a) also likely to solve the firm’s second-order condition.

(b) the q that leads to the highest possible consumer surplus.

(d) the same as the q that minimizes only AC.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91340392

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