Bridget's Brewery long-run cost function is: C(q) =
, where q is the number of units produced and A is the years of experience of Bridget's Chief Brewer. If Bridget plans on brewing 200 units per period, how much will costs be reduced initially by hiring a brewer with 16 years of experience versus a brewer with 1 year of experience?

Question

Bridget's Brewery long-run cost function is: C(q) =  
, where q is the number of units produced and A is the years of experience of Bridget's Chief Brewer. If Bridget plans on brewing 200 units per period, how much will costs be reduced initially by hiring a brewer with 16 years of experience versus a brewer with 1 year of experience?

Quizplus · Accepted Answer

The Answer of Bridget's Brewery long-run cost function is: C(q) =  
, where q is the number of units produced and A is the years of experience of Bridget's Chief Brewer. If Bridget plans on brewing 200 units per period, how much will costs be reduced initially by hiring a brewer with 16 years of experience versus a brewer with 1 year of experience?

Bridget's Brewery Long-Run Cost Function Is: C(q) =