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Business, 06.07.2019 06:10 usagimiller

An economist estimated that the cost function of a single-product firm is c (q) =50 + 25q + 30q2 + 5q3 based on this information, determine:
a. the fixed cost of producing 10 units of output
b. variable cost of producing 10 units of output
c. total cost of producing 10 units of output.
d. the average fixed cost of producing 10 units of output
e. average variable cost of producing 10 units of output f. average total cost of producing 10 units of output. g. the marginal cost when q = 10.

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An economist estimated that the cost function of a single-product firm is c (q) =50 + 25q + 30q2 + 5...

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