Answer to Question #60189 in Microeconomics for Max

Question #60189
Fixed Cost is 15 and variable cost is 2 per unit, find: a) write the function for Total Cost (TC), Average Cost (AC) and Marginal Cost (MC) b) determine the value for Q that minimum AC c) prove that the answer in (b) AC=MC
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Expert's answer
2016-05-30T09:41:02-0400

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