Suppose that, in the long run, a dairy's variable costs areVC=2Q² (where Q is the number of gallons of milk produced each day), its marginal cost is MC=4Q and there is an avoidable fixed cost of $50 per day. In the long run there is free entry into the market. What is the dairy's total cost function?

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The Answer of Suppose that, in the long run, a dairy's variable costs areVC=2Q² (where Q is the number of gallons of milk produced each day), its marginal cost is MC=4Q and there is an avoidable fixed cost of $50 per day. In the long run there is free entry into the market. What is the dairy's total cost function?

Suppose That, in the Long Run, a Dairy's Variable Costs