Month (m): 4 Day (d): 1 Use the two numbers above, m and d , to complete the cost function for a perfectly competitive firm: Cost (q) = m q 2 + d = (30) For a cost function like yours, Marginal Cost...


Month (m):           4                                              Day (d):  1


Use the two numbers above,
m
and
d, to complete the cost function for a perfectly competitive firm:


Cost (q) =
m
q2
+
d
=


(30) For a cost function like yours, Marginal Cost (MC) = 2
m
q . Specifically, what are the following for the cost function you wrote out above?


















Fixed Cost =



Average Total Cost = Cost (q)/q =



Variable Cost =



Average Fixed Cost = FC/q =



Marginal Cost = 2 m q =



Average Variable Cost = VC/q =



(15) Fill in the table with your values from your cost function.






































































q



Total Cost



AVC



AFC



ATC



MC



0



0



0



--



--



--



1













2













3













4













5













6















Jun 10, 2022
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