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Homework answers / question archive / assume that a firm is operating in a market which is perfectly competitive and and the firm in this market has the following total cost and marginal cost functions TC= 500+ 0

assume that a firm is operating in a market which is perfectly competitive and and the firm in this market has the following total cost and marginal cost functions TC= 500+ 0

Economics

assume that a firm is operating in a market which is perfectly competitive and and the firm in this market has the following total cost and marginal cost functions

TC= 500+ 0.1q2

MC= 0.2q

write equations for firms average total cost, average variable cost and average fixed cost

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