Question: For each cost function, if possible, find minimum AV and minimum AVC, a) TC = 20,000 + 10 Q b) TC + 18,000 + Q
a) TC = 20,000 + 10 Q
b) TC + 18,000 + Q + 0.2Q
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a Set MC AC 10 20000Q 10 In this case AC is decreasing everywhe... View full answer
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