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1. If T C = 3Q 2 +7Q+12, find expressions for the marginal and average cost functions. Evaluate them when Q = 3 and Q

1. If T C = 3Q²+7Q+12, find expressions for the marginal and average cost functions. Evaluate them when Q = 3 and Q = 5.

2. For each of the following demand functions, find expressions for T R and MR and evaluate them when Q = 4 and Q = 10.

a) Q = 36 2P,

b) 44 4P Q = 0.

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