Question: Average cost minimization. TR= $3000Q - $0.5Q2 TC= $100,000 + $1,500Q + $0.1Q2 a. Calculate output, marginal cost, average cost, price, and profit at the

Average cost minimization. 

TR= $3000Q - $0.5Q2

TC= $100,000 + $1,500Q + $0.1Q2

a. Calculate output, marginal cost, average cost, price, and profit at the average cost-minimizing activity level.

b. Calculate these values at the profit-maximizing activity level


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