What is the highest fixed cost you would be willing to pay

Reference no: EM13214469

You are looking at the hat market. Hats sell for $15 each, and the variable cost of producing hats is Cv(H)=.25*H^2, with marginal cost MC(H)=.5*H. What is the highest fixed cost you would be willing to pay and still enter the market?

Reference no: EM13214469

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