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Question 11 Your cost function for producing baby dragons is now c(q) = q3 - 20q2 + 170q + 100. Find: a Fixed cost b)
Question 11 Your cost function for producing baby dragons is now c(q) = q3 - 20q2 + 170q + 100. Find: a Fixed cost b) Variable cost c Marginal cost d) Average cost e) Average fixed cost f) Average variable cost Question 12 Give an example (explaining why it's a good example) of a specific good or service for the production of which you think there should be: a) Constant returns to scale b) Increasing returns to scale c) Decreasing returns to scale
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