The long-run cost function for Jeremy's Jetski Rentals is: 
The long-run marginal cost function is 
If Jeremy can sell as many jetski rentals as he desires at $50, calculate his optimal output in the long run.
Definitions:
John Rolfe
An early English settler in Virginia who is credited with the first successful cultivation of tobacco as a cash crop, which significantly influenced the colony's economy.
Pocahontas
A Native American woman notable for her association with the colonial settlement at Jamestown, Virginia, and her role in fostering peace between Native Americans and English settlers.
Peaceful Co-Existence
A principle suggesting that nations or ideologies with differing viewpoints can live alongside each other without conflict, often associated with Cold War era diplomacy.
Massachusetts Bay
A region in New England, central to the early British colonization of North America, known for the founding of the Massachusetts Bay Colony in 1630 by Puritan settlers seeking religious freedom.
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