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NOT BAD FOR A DAY IN THE LIFE OF A DOG FOOD COMPANY You own a startup that produces anabolic dog food. Your accountant estimates
NOT BAD FOR A DAY IN THE LIFE OF A DOG FOOD COMPANY You own a startup that produces anabolic dog food. Your accountant estimates that the cost function of the business takes the form of TC (q) = 20000 300q 2q^2 and the marginal costs are MC(q) = 300 4q, where q is measured in pounds and can be a non-integer. 1. What are the formulae for variable cost and average variable cost for your startup
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
