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1). STC= 50 + 50q + 100q 2 , is the firms short run total cost curve. What is the minimum average variable cost? 2).

1). STC= 50 + 50q + 100q², is the firms short run total cost curve. What is the minimum average variable cost?

2). Q=50K^3/4L^1/4, with this production function what are the returns to scale? Constant, Increasing, or Decreasing?

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