Answered You can hire a professional tutor to get the answer.
QUESTION
4.A typical firm in the clothing industry has'the following long-run cost curve 0(a) = F + 6a + 5:12 where F is a positive constant. The industry has...
I especially don't get the 'accreditation fee' - i believe it's a fixed cost; but I don't know how to interpret its price/quantity and how profits change. Part B) is where I am confused
Files:
Micro question.png
