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Let us consider a company producing a good Z, on a perfectly competitive market. The expression for the total cost of this enterprise is: C(q)=72+2q2

Let us consider a company producing a good Z, on a perfectly competitive market.

The expression for the total cost of this enterprise is:

C(q)=72+2q2

Question 1:

Calculate the average cost.

Question 2:

Calculate the closing threshold for this business.

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