Question #99490

What is the optimal level of output in the short run when TC= Q2 + 10Q+40 ,Q=SO-ASP


1
Expert's answer
2019-11-28T11:52:46-0500

TC=Q2+10Q+40TC=Q^2+10Q+40 butQ=SOASPQ= SO-ASP

TC=(SOASP)2+10(SOASP)+40TC= (SO-ASP) ^2 +10(SO-ASP) +40

TC=SO2ASP2+10SO10ASP+40TC=SO^2−ASP ^2+10SO−10ASP+40


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