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Suppose that the cost curve for a physician-firm has the form a) What is the average variable cost (AVC) curve? b) What is the marginal

Suppose that the cost curve for a physician-firm has the form

a) What is the average variable cost (AVC) curve?

b) What is the marginal cost curve?

c) Find the level of output (call it Q*) at which AVC reaches the minimum

d) Find the level of output (call it Q**) at which MC reaches its minimum

e) Express the output at which marginal cost reaches its minimum relative to Q*

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