At what output level is average cost minimized, Microeconomics

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At what output level is average cost minimized

Problem

• Suppose that for the quadratic total cost function in the preceding problem, a = 100, b = 6, and c = 1. At what output level is average total cost minimized? At what output level is average cost minimized? Marginal cost? Average fixed cost? Provide a graph of the firm's TFC, TVC, MC, AFC, AVC, and ATC curves.

• Show how a total product curve for an input can be derived from an isoquant map. Why does the question specify "a" total product curve rather than "the" total product curve?

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