Find the shape of short-run marginal cost curve, Microeconomics

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Find the shape of short-run marginal cost curve

If the average variable cost curve is horizontal, what is the shape of the short-run marginal cost curve? What shape would the short-run average cost curve be? A firm's long-run total cost curve is TC(Q) = 100Q0.

Derive the equation for the corresponding long-run average cost curve. Does the firm's marginal cost curve lie above, below or on the firm's average cost curve? Explain.

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Microeconomics: Find the shape of short-run marginal cost curve

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Microeconomics: Find the shape of short-run marginal cost curve

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Microeconomics: Find the shape of short-run marginal cost curve

Reference No:- TGS0524573

Recent Questions Asked Microeconomics

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