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

Question 139

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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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