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

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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