The following table shows the data on quantity produced and the total cost of production in the long run for a given firm Q LTC 1 102 2 112 3 136 4 180 5 250 6 352 7 492 8 676 9 910 10 1200 Find the long run marginal cost and the long run average cost faced by the firm

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The following table shows the data on quantity produced and the total cost of production in the long run for a given firm: Q LTC

The following table shows the data on quantity produced and the total cost of production in the long run for a given firm:

Q	LTC
1	102
2	112
3	136
4	180
5	250
6	352
7	492
8	676
9	910
10	1200

Find the long-run marginal cost and the long-run average cost faced by the firm.

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