Michael's dairy farm's cost function is where q is the amount of output and A is the average age of Michael's employees. Currently, the average age of Michael's employees is 32. Next year, Michael expects the average age of his employees to decrease by 3 years due to job turnover. What happens to Michael's cost of production if he is correct?

Question

Michael's dairy farm's cost function is  where q is the amount of output and A is the average age of Michael's employees. Currently, the average age of Michael's employees is 32. Next year, Michael expects the average age of his employees to decrease by 3 years due to job turnover. What happens to Michael's cost of production if he is correct?

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The Answer of Michael's dairy farm's cost function is  where q is the amount of output and A is the average age of Michael's employees. Currently, the average age of Michael's employees is 32. Next year, Michael expects the average age of his employees to decrease by 3 years due to job turnover. What happens to Michael's cost of production if he is correct?

Michael's Dairy Farm's Cost Function Is Where Q Is