Firm can compute all points on its total cost curve

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Q. Assume that marginal utility of good A is 4 times the marginal utility of good b, but the price of good a is only 2 times the price of good b. Is this point consumer equalibrium? If not, what will occur?

Q. The firm can compute all points on its total cost curve if it knows

a. its production function.

b. the prices of inputs and of output.

c. its average cost at its optimal output level.

d. the prices of inputs and its production function.

Reference no: EM1360432

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