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Suppose a firm's total cost curve is TC =10 Q 2 +6 Q +60, and MC= 20 Q +6. The minimizes average total costis. The

Suppose a firm's total cost curve isTC=10Q2+6Q+60, andMC=20Q+6.

  1. The minimizes average total costis.
  2. The output level that minimizes average variable cost is

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