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Consider the following cost relationships for a single-product firm: C(q) = 50+ 0.59 for q < 7 C(q) = 7q for q>7 a. b.

Consider the following cost relationships for a single-product firm: C(q) = 50+ 0.59 for q < 7 C(q) = 7q for q>7 a. b. Derive average and marginal cost for all integer outputs less than or equal to 7. What are average and marginal cost for all outputs above 7?

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