Sppose a firmrsquos total cost curve is tc 1000 10q , Business Economics

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Sppose a firmrsquos total cost curve is tc 1000 10q

Suppose a firm’s total cost curve is TC = 1000 + 10q + 4q² , such that MC = 10 + 8q.

(a) Find the firm’s fixed cost, variable cost, average total cost, and average variable cost.

(b) Find the output level that minimizes average total cost.

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Business Economics: Sppose a firmrsquos total cost curve is tc 1000 10q

Reference No:- TGS01475139

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Business Economics: Sppose a firmrsquos total cost curve is tc 1000 10q

Reference No:- TGS01475139

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