Managerial Economics Homework Help

Posted on 2014-04-03 12:29:00 in Economics by STAR CHASER

A firm’s short-run average cost is described by the equation: SAC = (2,000)/Q + 60 + 0.2Q

a. What is the equation for the firm’s marginal cost.

b. At what level of output is average cost minimized?

c. At what level of output is average fixed cost minimized?

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