![Explain the relationship between a firm's short-run production function and its short-run cost function. Focus on the marginal product of an input and the marginal cost of production. | Homework.Study.com Explain the relationship between a firm's short-run production function and its short-run cost function. Focus on the marginal product of an input and the marginal cost of production. | Homework.Study.com](https://homework.study.com/cimages/multimages/16/plre453122442783553108.jpg)
Explain the relationship between a firm's short-run production function and its short-run cost function. Focus on the marginal product of an input and the marginal cost of production. | Homework.Study.com
![A competitive firm has a short-run cost function: a. Sketch a diagram showing the shapes of the marginal cost function, the average total cost function and the average variable cost function. Be A competitive firm has a short-run cost function: a. Sketch a diagram showing the shapes of the marginal cost function, the average total cost function and the average variable cost function. Be](https://homework.study.com/cimages/multimages/16/perfect_competition_profit2355688302021007347.png)
A competitive firm has a short-run cost function: a. Sketch a diagram showing the shapes of the marginal cost function, the average total cost function and the average variable cost function. Be
![short run cost function / linear cost function / cubic cost function / for Economics full explain - YouTube short run cost function / linear cost function / cubic cost function / for Economics full explain - YouTube](https://i.ytimg.com/vi/MWTw97Y8qvo/hqdefault.jpg)