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c. (3) Suppose their cost function is given by C = F + c*q, where F is their fixed cost equal to $50 million; c
c. (3) Suppose their cost function is given by C = F + c*q, where F is their fixed cost equal to $50 million; c is their constant marginal cost equal to $0.50, and q is output. Calculate their average total cost at: q=1,000,000; q=10,000,000; and q=50,000,000
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