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  • 24-05-2023
  • Business
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Suppose that the manager of a firm operating in a perfectly competitive market has estimated the average variable cost function to be: AVC = 4.0 -0.0024Q + 0.000006Q2 Fixed costs are $500. a) The marginal cost function is: b) Average variable cost reaches its minimum value at __ units of output and the minimum value of the average variable cost is $_

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