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Suppose the total cost function of a firm is: C=3q 3 -12q 2 +20q a. Find the marginal cost function. Show your steps. b. find
Suppose the total cost function of a firm is:
C=3q3-12q2+20q
a. Find the marginal cost function. Show your steps.
b. find the average total cost function.show your step.
c.Find the output level that correspond to the efficient scale of the firm. Show your steps.
d. Show your results in (c) in a diagram.
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