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Q14) Given below is the short run total cost function: TC = 50 + 100Q -4 Q- + 203 Calculate TFC, AVC, AC and MC

Q14) Given below is the short run total cost function: TC = 50 + 100Q -4 Q- + 203 Calculate TFC, AVC, AC and MC when the firm produces 5 units of output Calculate the level of output at which AVC is minimum

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