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Cost Function Assignment | Homework For You

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December 4th, 2019

A firm has a fixed production cost of $5000. For the first 100 units of production, the firm has a constant marginal cost of production of $400 per unit produced. Producing more than 100 units has a constant marginal cost of production of $600.

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The firm cannot produce more than 150 units. What is the Total cost function, what is the Average Cost, Marginal Cost, and the relationship between MC and ATC. Get Economics homework help today

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