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A firm produces at a fixed cost of Ghc100 per period. When 1 unit of output is produce, total cost of production increases to Ghc108.

A firm produces at a fixed cost of Ghc100 per period. When 1 unit of output is produce, total cost of production increases to Ghc108. When 2 units are produce, total cost increases to Ghc136. Assuming the cost function of the firm is hyperbola in nature, determine the output at which the firm must produce to minimize cost and hence calculate the minimum cost.

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