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4. An economist estimated that the cost function of a single-product firm is C(Q)=90+35Q+25Q^2+10Q^3 Based on this information, determine: The fixed cost of producing 10
4. An economist estimated that the cost function of a single-product firm is
C(Q)=90+35Q+25Q^2+10Q^3
Based on this information, determine:
- The fixed cost of producing 10 units of output.
- The variable cost of producing 10 units of output.
- The total cost of producing 10 units of output.
- The average fixed cost of producing 10 units of output.
- The average variable cost of producing 10 units of output.
- The average total cost of producing 10 units of output.
- The marginal cost when Q=10.
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