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The marginal cost function for a company is given by C(q)=q 2 16q+70dollars/unit, whereqis the quantity produced. IfC(0)=650, find the total cost of producing20units.What is
The marginal cost function for a company is given by
C(q)=q216q+70dollars/unit, whereqis the quantity produced.
IfC(0)=650, find the total cost of producing20units.What is the fixed cost and what is the total variable cost for this quantity?
Fixed cost=
Variable Cost of producing20 units=
Total cost of producing20units=
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