Essay
Suppose a firm's total cost and marginal cost are given by TC = 200 + 10Q + 9Q2 and MC = 10 + 18Q. What output level minimizes average total cost?
Correct Answer:
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ATC = TC/Q = (200 + 10Q + 9Q2)/Q = 200/Q ...View Answer
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Correct Answer:
Verified
ATC = TC/Q = (200 + 10Q + 9Q2)/Q = 200/Q ...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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