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1. The cost function of a firm is C=310+7Q+30. The firm has the capacity limit that varies up to 50 units of output per

1. The cost function of a firm is C=310+7Q+30. The firm has the capacity limit that varies up to 50 units of output per day. i) What are the domain and range of the function? 2. ii) Identify the variables, constants and parameters of the equation. 1 iii) What type of equation is it? Why?

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