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A firm's fixed costs are 195 and the variable costs are 5 Q per unit. Based on this information, choose the correct statements (more than
A firm's fixed costs are 195 and the variable costs are 5 Q per unit. Based on this information, choose the correct statements (more than one option might be correct). None of the other options is right. Minimum Average Cost happens for Q=10195 Total Cost function follows the expression TC=195+5Q Marginal Cost function follows the expression MC=5Q (E) The approximate total cost of manufacturing the next unit after Q1 follows the expression 10Q1 Average cost function follows the expression AC=Q195+5Q A firm's fixed costs are 195 and the variable costs are 5 Q per unit. Based on this information, choose the correct statements (more than one option might be correct). None of the other options is right. Minimum Average Cost happens for Q=10195 Total Cost function follows the expression TC=195+5Q Marginal Cost function follows the expression MC=5Q (E) The approximate total cost of manufacturing the next unit after Q1 follows the expression 10Q1 Average cost function follows the expression AC=Q195+5
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