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following cost-output relationships, describe the shape (U-shape, decreasing, increasing, constant) of the average total cost and marginal cost functions (C = total cost, Q =
following cost-output relationships, describe the shape (U-shape, decreasing, increasing, constant) of the average total cost and marginal cost functions (C = total cost, Q = output): Attn: To earn full credit, show formulars/equations used. (a) (b) C = 42,500,000 + 2550Q C = 8.48+0.65Q+.00220Q2
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