Determine the firms supply function
A price-taking firm's variable cost function is VC= 2Q^3 where Q is its output per week, which is having a sunk fixed cost of $500 per week and the marginal cost is MC= 6Q^2 Determine the firm's supply function when the $500 fixed cost is sunk?
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where Q is its output per week, which is having a sunk fixed cost of $500 per week and the marginal cost is MC= 6Q^2 Determine the firm's supply function when the $500 fixed cost is sunk?
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