Project #16960 - micro economics

one question,,, very short  must be compelted in the next hour...................

here is the question...........

A typical firm in the ballpoint pen industry such as Maria's Pens has the following total cost and marginal cost schedules: TC = .25Q2 + 200Q + 100 and MC =. 5Q + 200 where each unit

contains 1,000 pens.

 

a. Graph the marginal cost curve. From the marginal cost curve can you determine what type of returns to scale Maria's Pens faces in the production of pens? What is the average cost curve of the firm? Illustrate the average cost curve in your marginal cost curve diagram. What level of output minimizes the average cost of production?

 

 

 

 

Subject Business
Due By (Pacific Time) 11/15/2013 03:00 pm
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