Answer to Question #38995 in Microeconomics for sarah

Question #38995
Given that the total cost function is: TC = 100Q – Q^2 + 1/3Q^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
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Expert's answer
2014-02-11T09:40:10-0500
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