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An economist estimated that the cost function of a firm is C(Q)=80+30Q +4Q^2 +6Q^3 If the firm produces 12 units, calculate: fixed cost, the variable
An economist estimated that the cost function of a firm is C(Q)=80+30Q +4Q^2 +6Q^3 If the firm produces 12 units, calculate: fixed cost, the variable cost, the total cost, the average fixed cost, the aberage variable cost, thr average total cost and the marginal cost. (Please include the formula step by step)
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International Economics
Authors: James Gerber
7th edition
134472098, 134523873, 978-0134472096
