The new firm has entered a business and estimates its learning curve to be

$A C = 200 Q ^ { - 3 }$
where Q is the cumulative total product. What is the difference between average cost of the 100^th and the 10^st product?

Question

The new firm has entered a business and estimates its learning curve to be

A C = 200 Q ^ { - 3 }

where Q is the cumulative total product. What is the difference between average cost of the 100^th and the 10^st product?

Quizplus · Accepted Answer

The Answer of The new firm has entered a business and estimates its learning curve to be $$A C = 200 Q ^ { - 3 }$$ where Q is the cumulative total product. What is the difference between average cost of the 100^th and the 10^st product?

The New Firm Has Entered a Business and Estimates Its AC=200Q−3A C = 200 Q ^ { - 3 }AC=200Q−3

The New Firm Has Entered a Business and Estimates Its $A C = 200 Q ^ { - 3 }$