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If the short-run total cost function for a firm is TC = 3,000+100Q , calculate the average total cost ( ATC ) when the output
If the short-run total cost function for a firm is
TC = 3,000+100Q,
calculate
- the average total cost (ATC) when the output Q=10,
- the marginal cost (MC) for the 10thunit of output, and
- the fixed cost in the short run.
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