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Suppose a firm's total cost curve is TC = 5 Q 2 + 6 Q + 125. a. Find the firm's marginal cost, average total
Suppose a firm's total cost curve isTC= 5Q2+ 6Q+ 125.
a. Find the firm's marginal cost, average total cost, and average variable cost.
b. Use calculus to find the output level that minimizes average total cost.
c. Show thatATC=MCat this output level.
d. Show that this is the minimumATCby examining the second derivative.10
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