8.26. A short-run total cost curve is given by the equation STC(Q) ! 1000 50Q2 ....

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8.26. A short-run total cost curve is given by the equation STC(Q) ! 1000 " 50Q2

. Derive expressions for, and then sketch, the corresponding short-run average cost, average variable cost, and average fixed cost curves.

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Microeconomics

ISBN: 9780470563588

4th Edition

Authors: David Besanko, Ronald Braeutigam

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