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The New Firm Has Entered a Business and Estimates Its AC=100Q−4A C = 100 Q ^ { - 4 }

Question 77

Essay

The new firm has entered a business and estimates its learning curve to be
AC=100Q−4A C = 100 Q ^ { - 4 }
where Q is the cumulative total product. What is the average cost for the 1st and the 100th product?

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