promotion image of download ymail app
Promoted
Hirsty
Lv 5
Hirsty asked in Social ScienceEconomics · 9 months ago

The average cost of a firm in a perfectly competitive industry is given by 5q2 -2q?

for all values of q greater than zero. In long run equilibrium, the price will be:

Update:

(a)100 or less

(b) more than 100 but not more than 110

(c) more than 110 but less than 120

(d) 120 or more

2 Answers

Relevance
  • Oiy
    Lv 6
    9 months ago

    I don't think that your average cost is correct.

    • Commenter avatarLogin to reply the answers
  • Nancy
    Lv 7
    9 months ago

    Without a value for q, the simplest answer is 5q2 - 2q.

    • Hirsty
      Lv 5
      9 months agoReport

      it's a multipler choice question answers are either a)100 or less
      (b) more than 100 but not more than 110
      (c) more than 110 but less than 120
      (d) 120 or more

    • Commenter avatarLogin to reply the answers
Still have questions? Get your answers by asking now.