14. Please answer question. Show work clearly. For a manufacturer of cameras and film, the total cost cof producing qc cameras and q units of film is given byc = 30qc +0.015qcqF+qF+900The demand functions for the cameras and film are givenby9c=9000 and afFPC√PF=2000 - PC-400PFwhere pc is the price per camera and p is the price perunit of film. Find the rate of change of total cost withrespect to the price of the camera when pc = 50 andPF 2.

A firm has to forgo an amount of money in the form of costs, during the production or delivery of a…

Answered: For a manufacturer of cameras and film,…

For a manufacturer of cameras and film, the total cost c of producing qc cameras and q units of film is given by 30qc +0.015qc9F +9F +900 The demand functions for the cameras and film are given

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter8: Perfect Competition

Section: Chapter Questions

Problem 6SCQ: A firms marginal cost curve above the average variable cost curve is equal to the films individual...

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