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You are given a cost function C(q) = 120 + 60q 40g2 + 54113. ** Part a (5 marks) What is the variable cost VC(q)?
You are given a cost function C(q) = 120 + 60q 40g2 + 54113. ** Part a (5 marks) What is the variable cost VC(q)? ** Part b (5 marks) Find the average cost AC(q). ** Part c (5 marks) Find the marginal cost M C(q)
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