Answer to Question #38933 in Microeconomics for sarah

Question #38933
Given that the total cost function is

TC = 100Q – Q^2 + 1/3 Q^3

Where Q=rate of output and TC=Total Cost

A. Determine the marginal and average cost functions
B. Calculate the output level that minimizes average cost
C. Calculate the output level that minimizes marginal cost
1
Expert's answer
2014-02-07T10:46:39-0500
The answer to the question is available in the PDF file https://www.assignmentexpert.com/https://www.assignmentexpert.com/homework-answers/economics-answer-38933.pdf

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