Question: Les pains Chauds has a cost function: Cpc (q) = 9q + 2 The company Au bon caf has a cost function: Cbc (q) =

Les pains Chauds has a cost function: Cpc (q) = 9q + 2

The company Au bon caf has a cost function: Cbc (q) = 3q2+q

Issue 1:

What is the marginal cost of each of these two firms? You must show your calculations.

Issue 2:

Explain the consequences of this difference.

Issue 3:

What is the average cost of each of these two companies? You must show your calculations.

Issue 4:

Not answered yetRated out of 8.00Mark questionQuestion text

Draw the short-term supply curve of the Au bon caf firm. (4 points) Your graph must be accurate. Indicate at least two points on your curve and explain your approach to constructing your graph. (4 dots)

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