Suppose the market of food delivering services is a competitive market

Economics Dec 15, 2020

Suppose the market of food delivering services is a competitive market. A typical food delivering firm in the market has a total cost function of?=0.5?3−6?2+120?

.a.Find MC and ATC functions of a typical food delivering firm.(3 marks)

b.Use the results in (a) to find the efficient scale of output.(

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