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Economics Consider the following total cost function for Firm A: TC(G})=4Q3 12G2+2+1,000,000. Calculate the MC function of the firm. Does this cost function satisfy the
Economics Consider the following total cost function for Firm A: TC(G})=4Q3 12G2+2+1,000,000. Calculate the MC function of the firm. Does this cost function satisfy the law of diminishing returns? Hint: The law of diminishing returns suggests that after some point, marginal cost will increase as the firm increases production
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