2. Economics
3. given the following cost function determine the level of nonzero...

Question: given the following cost function determine the level of nonzero...

Question details
1. Given the following cost function, determine the level of (nonzero) output at which the average cost function in minimized, and the average cost at that level.

AC = 520 -160Q + 20Q2

(10 points)
• An Average Cost is at a minimum when its derivative function (measuring its change) is zero.