A price-taking firm's variable cost function is VC = 2Q°, where Qis its output per week. It has a sunk fixed cost of $4,000 per week. Its marginal cost is MC = 6Q². a. What is the firm's supply...

A price-taking firm's variable cost function is<br>VC = 2Q°,<br>where Qis its output per week. It has a sunk fixed cost of $4,000 per week. Its marginal cost is<br>MC = 6Q².<br>a. What is the firm's supply function when the $4,000 fixed cost is sunk?<br>Instructions: Enter your answer as a whole number.<br>Q= (PI6)0.5 for Pz $[<br>b. What is the firm's supply function when the fixed cost is avoidable?<br>Instructions: Enter your answer as a whole number.<br>Q= (P/6)0.5 for P2 $[<br>

Extracted text: A price-taking firm's variable cost function is VC = 2Q°, where Qis its output per week. It has a sunk fixed cost of $4,000 per week. Its marginal cost is MC = 6Q². a. What is the firm's supply function when the $4,000 fixed cost is sunk? Instructions: Enter your answer as a whole number. Q= (PI6)0.5 for Pz $[ b. What is the firm's supply function when the fixed cost is avoidable? Instructions: Enter your answer as a whole number. Q= (P/6)0.5 for P2 $[

Jun 08, 2022

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A price-taking firm's variable cost function is VC = 2Q°, where Qis its output per week. It has a sunk fixed cost of $4,000 per week. Its marginal cost is MC = 6Q². a. What is the firm's supply...

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