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A firm's total cost curve is TC = 2Q - 10Q2 + 30Q + 275. Its marginal cost is 6Q2 - 20Q + 30. 1.
A firm's total cost curve is TC = 2Q - 10Q2 + 30Q + 275. Its marginal cost is 6Q2 - 20Q + 30.
1. Find the firm fixed cost, variable cost, average total cost, and average variable cost
2. Find the output level at which average variable cost is minimized.
PLEASE SHOW ME HOW TO DO IT/THE WORK
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