What is the marginal cost for apples-r-us? show that, Ask an Expert

Economics

Apple-R-Us is a Washington apple orchard. Its long run total cost curve is TC=Q^3-40Q^2+430Q; where q is the number of apples per week.

A) what is the general shape of Apples-R-Us total cost curve?

B) what is Apple-R-Us average cost function?

C) at what level of output does average cost reach a minimum ?

D) what is the average cost at its minimum?

E) what is the marginal cost for Apples-R-Us?

F) show that Apple-R-Us marginal cost curve intersects average costs at average costs minimum?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9450489

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