3. A firm’s average cost function is given by
AC = (800 : Q) +2Q= 18
(a) Find, to the neares...
Mathematics, 16.09.2021 18:00 zambk10
3. A firm’s average cost function is given by
AC = (800 : Q) +2Q= 18
(a) Find, to the nearest whole number, the value of Q at the lowest point on the graph of AC plotted against Q, in the interval, 0 ≤ Q ≤ 30.
(b) State the value of the fixed costs.
Answers: 1
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