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Satsume Satsume
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6 years ago
The key assumption required for us to use a linear variable cost function of the form VC = bq is that:
A) marginal cost must be constant and equal to b.
B) marginal cost must be increasing at rate b.
C) fixed costs must be zero.
D) marginal cost is always greater than average variable cost.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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CanihCanih
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6 years ago
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Satsume Author
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6 years ago
this is exactly what I needed
missnoname
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You make an excellent tutor!
hpascoe
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Brilliant ツ
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