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Question: a firmandrsquos total cost curve is t c q3...

Question details

A firm’s total cost curve is T C = Q3 − 60Q2 + 910Q + 150 and its marginal cost is MC = 3Q2 − 120Q + 910.

(a) Find the firm’s fixed cost, variable cost, average total cost, and average variable cost.

 (b) Find the output level at which average variable cost is minimised. 

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