Question
A firm has a total cost of TC =160 +48q- 12q Squared +q cube, and marginal cost of MC =48-24q +3qsquared, where the q is
A firm has a total cost of TC =160 +48q- 12q Squared +q cube, and marginal cost of MC =48-24q +3qsquared, where the q is the number of units per month. Calculate the output level that minimizes average variable cost
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The Wisdom Of Crowds
Authors: James Surowiecki
1st Edition
0385721706, 9780385721707
