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The New Firm Has Entered a Business and Estimates Its AC=200Q−3A C = 200 Q ^ { - 3 }

Question 60

Essay

The new firm has entered a business and estimates its learning curve to be

AC=200Q−3A C = 200 Q ^ { - 3 }
where Q is the cumulative total product. What is the difference between average cost of the 100th and the 10st product?

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