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The Long-Run Cost Function for Jeremy's Jetski Rentals Is: C(q)=

Question 53

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The long-run cost function for Jeremy's Jetski Rentals is: C(q)= The long-run cost function for Jeremy's Jetski Rentals is: C(q)= q<sup>2</sup>.The long-run marginal cost function is MC(q)= 5q.If Jeremy can sell as many jetski rentals as he desires at $50,calculate his optimal output in the long run. q2.The long-run marginal cost function is MC(q)= 5q.If Jeremy can sell as many jetski rentals as he desires at $50,calculate his optimal output in the long run.

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Jeremy's optimal output occurs where pri...

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