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Solve clearly QUESTION 1 1 points Saved Given a firms cost function c(Q) =0.0703 -1002 + 21000 + 5500 the average fixed cost is 22
Solve clearly
QUESTION 1 1 points Saved Given a firms cost function c(Q) =0.0703 -1002 + 21000 + 5500 the average fixed cost is 22 and the average variable cost is 3975 when 250 units are produced. Q represents the number of units, Give your answers to the nearest whole number. Note: "Variable costs" are costs that depend on the number of units produced, and "fixed costs" are costs that are paid no matter how many units are sold. For example, in the cost function C(Q) 40+3, Variable cost is 40 and the fixed cost Is 3Step by Step Solution
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