A cubic total cost function is expressed as tcabqcq2dq3 if
A cubic total cost function is expressed as TC=a+bq+cq^2+dq^3 if a=0 b=400 c=-50 and d=5 then
A. What are MC (Marginal Cost) and ATC (Average Total Cost) respectively equal to?
B. At what output levels are MC and ATC respectively minimized?
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