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Bartech, Inc is a firm operating in a competitive market. The manager of Bartech forecasts product price to be $28 in 2015. Bartechs average variable
Bartech, Inc is a firm operating in a competitive market. The manager of Bartech forecasts product price to be $28 in 2015. Bartechs average variable cost function is estimated to be AVC=-0.003O+0.000005O2. Bartech expects to face fixed cost of $12,000 in 2014. At what level of output will Bartech average variable cost reach its minimum value
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