Total cost is a function of output q tc f q the average, Business Economics

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Total cost is a function of output q tc f q the average

Total cost is a function of output Q. TC = f (Q). The average total cost function can be found by dividing the total cost function by Q. What does the first derivative (dATC/dQ) of the ATC function show?

a. how total cost varies with output Q

b. how marginal cost varies with output Q

c. how average total cost varies with output Q

d. how total revenue varies with output Q

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Business Economics: Total cost is a function of output q tc f q the average

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Business Economics: Total cost is a function of output q tc f q the average

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