Consider the following cost relationships for a single-product firm: C(q) = 50 +0.59 for q<7 C(q) = 79 for q> 7 Derive average and marginal cost for all integer outputs less than or equal to 7. b. What are average and marginal cost for all outputs above 72 4. In the problem above is there a minimum efficient scale of plant implied by these cost relationships? If so, what is it?

pur-new-sol