Question: 1. The marginal cost function for a company is given by C'(q)=q - 16q + 70 dollars/unit, where o is he quantity produced. If C(0)=500,

1. The marginal cost function for a company is given by C'(q)=q - 16q + 70 dollars/unit, where o is he quantity produced. If C(0)=500, find the total cost of producing 20 units. 12. If the average cost for the company in problem 11 is given by A(q) = (q-)/3 - 8q + 70. Find the quantity q that produces the minimum average costs

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