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Q 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 2 2.1 2.2 2.3 2.4 2.5 2.6

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1
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3
3.1
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7
7.1
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8
8.1
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9
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15

19. It only includes one variable, capturing the variations in output of one product (Q). Consider the total cost function below: TC=10+10*Q-0.9*Q2+0.04*Q3

Using the aforesaid dataset, compute the average total cost (ATC) and marginal cost (MC). The ATC and MC are almost equal when output is about _____ units.

21. Consider the information in Question No. 19. Theminimumfor ATC is about _____ dollars.

Note:Round your answer to two decimal points.

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