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Consider a firm in a competitive market that has the cost function C(q) = 64q 2 where q is the output quantity that the firm

Consider a firm in a competitive market that has the cost function C(q) = 64q² where q is the output quantity that the firm produces.

A) Determine average costs, marginal costs, variable costs and fixed costs. AC= 64q , MC=128q , VC= 64q² , FC=0.

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