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Example 2 Let there be a cubic VC function: VC = .5 Q3-10 Q2+ 150 Q 1.find AVC from VC function 2.find minimum average variable

Example 2

Let there be a cubic VC function: VC = .5 Q3-10 Q2+ 150 Q

1.find AVC from VC function

2.find minimum average variable cost output

3.and find MC from VC function

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