Question: A hypothetical Total Cost function is given by: TC = 0.5+2Q - 2Q^2 +Q^3, where TC is the total cost of production in dollars and

A hypothetical Total Cost function is given by: TC = 0.5+2Q - 2Q^2 +Q^3, where TC is the total cost of production in dollars and Q is the quantity of output produced. Calculate the quantity of output and the corresponding values of total cost, total variable cost, and total fixed cost at the minimum of average variable cost

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