What is the firms supply function when the 500 fixed cost


A price-taking firm's variable cost function is

VC= 2Q^3

where Q is its output per week. It has a sunk fixed cost of $500 per week. Its marginal cost is

MC= 6Q^2

a. What is the firm's supply function when the $500 fixed cost is sunk?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: What is the firms supply function when the 500 fixed cost
Reference No:- TGS0773405

Expected delivery within 24 Hours