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A company has fixed costs of $ 4 , 5 0 0 . Producing 4 5 0 items incurrs a total cost of $ 1
A company has fixed costs of $ Producing items incurrs a total cost of $
a Find the total cost function,
b What is this company's marginal cost?
c What is the company's average cost of producing items?
$ litem
round to two decimal places
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