Question
Answered step-by-stepAsked by zhe995353 on coursehero.com
solution and explain why MC=AVC then q=o my solution show...
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Perfect Competition Consider a perfectly market where all firms have identical cost functions given by:
C(q) = 10q2 + 50q + 1000 The annual market demand is:
On = 4000 - 10p 26. What is the shut-down price for each firm? MC=AVC9q=0 p5D = 50
solution and explain why
MC=AVC then q=o
my solution show that
MC=AVC
20q+50=10q+50+1000/q
and i got q=10 i don't know where i do wrong
Answer & Explanation
Solved by verified expertAnswered by BrigadierHeat2351 on coursehero.com
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