Total costs for a firm are given by tc 4q2 6 marginal


Total Costs for a firm are given by: TC = 4Q2 + 6.

Marginal Costs for that same firm are given by: MC = 2*4Q. 

In the long run, this firm will exit the market if the price falls below what value? 

Hint: Average costs = Total Cost / Q. 

Round your answer to two decimal places. Do not include a $ sign.

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Business Management: Total costs for a firm are given by tc 4q2 6 marginal
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