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Suppose a Firm's Total Cost Curve Is TC = Q3

Question 173

Multiple Choice

Suppose a firm's total cost curve is TC = Q3 - Q2 + Q + 10.
Using calculus, the quantity that minimizes average variable cost for the firm is Q = ____.


A) 1
B) 0.75
C) 0.5
D) 0.25

Correct Answer:

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