QUESTION 20 Suppose that TVC ( ( ) = - Q2, MC = Q, and at an output level of Q =2, we have that
QUESTION 20 Suppose that TVC ( ( ) = - Q2, MC = Q, and at an output level of Q =2, we have that TC (2) = 20. Solve for the general equation for TC ( Q) O TC(Q) =20 O TC (Q) =20+ - 02 O TC(Q) = 18+ - O TC(Q) =502
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