The following are ac and tc functions for various firmsi ac, Ask an Expert

Economics

The following are AC and TC functions for various firms

(i). AC = 140/Q + 20

(ii) AC - a/Q = k

(iii) TC - 10 =2Q + 0.1Q²

(iv) TC - k - βQ = cQ²

Where a, k, β and c are positive constants.

(a) Find the expression for the gradients of the AC functions

(b) For what values of Q will AC be decreasing?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9617911

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