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Question 14 (1 point) Assume that the total cost of production is estimated to be represented by the following function: TC = 75.00 + 10Q.

Question 14 (1 point)

Assume that the total cost of production is estimated to be represented by the following function: TC = 75.00 + 10Q. What is the average cost of production when the level of output is 100?

Question 14 options:

a)

85

b)

75

c)

10

d)

10.75

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