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Mathematics, 22.11.2021 23:30, itzyoboyCj
If C = C(q) is a firm's total cost function, the quantity epsilon_{c} = q/C * (dC)/(dq) is called the elasticity of cost at the output q . Discuss the relationship between marginal cost and average cost for the intervals of being higher and lower than 1 (15 points). epsilon_{c}
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If C = C(q) is a firm's total cost function, the quantity epsilon_{c} = q/C * (dC)/(dq) is called th...
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