Substituting 2q for on both sides yields b 10   10 q2 q2 7-2.8 In the short run, suppose capital is fixed at   20;   10L. F r VC wL Total cost 20 10L.     C F VC  10L0.32 0.56    (0.1q0.56)1/0.32  (0.1q0.56)3.125 q L 10L/q   AVC VC/q Suppose  1.  (0.1q)3.125;  10L  0.0075 L VC q3.125. 0.0075q2.125. AVC  VC/q  0.023q2.125.    MC dVC/dq d(0.0075 q3.125)/dq
Substituting 2q for b on both sides yields 10  q2  10 q2 7-2.8 In the short run, suppose capital is fixed at F  r  20; VC  wL  10L. Total cost C  F  VC  20  10L. q  10L0.32 0.56   L  (0.1q0.56)1/0.32  (0.1q0.56)3.125 AVC  VC/q  10L/q Suppose  1. L  (0.1q)3.125; VC  10L  0.0075 q3.125. AVC  VC/q  0.0075q2.125. MC  dVC/dq  d(0.0075 q3.125)/dq  0.023q2.125.
micro_homework_2.docx