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Given the total cost function C=0.5Q^3-2Q^2+25Q+25 . Derive the expressions for all four short run cost curves. What level of output minimizes the average variable
Given the total cost function
C=0.5Q^3-2Q^2+25Q+25 . Derive the expressions for all four short run cost curves. What level of output minimizes the average variable cost? Compute the values of average and marginal costs at this level of output.
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