Question
Sunny Enterprises sells its output for shs. 20 per unit and has a total cost function of the form TC-16+17q+9q+q Determine the firm's (i)
Sunny Enterprises sells its output for shs. 20 per unit and has a total cost function of the form TC-16+17q+9q+q Determine the firm's (i) Total profit function (ii) Marginal cost functions (iii) Profit elasticity at an output rate of 8 units (4marks) (3marks) (5marks)
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Microeconomics
Authors: Robert Pindyck, Daniel Rubinfeld
8th edition
978-0132870436, 132870436, 013285712X, 978-0133371178, 133371174, 978-0132857123
