Calculate and plot the tcq acq and mcq- at what output
Consider the cost function TC(Q)= F+ cQ , where F,c > 0.
(a) Calculate and plot the TC(Q), AC(Q) and MC(Q).
(b) At what output level is the average cost minimized?
(c) Infer whether this technology exhibits IRS, CRS, or DRS. Explain!
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