Question: Assume that the long-run total cost function is: LRTC = 2000Q - 160Q 2 + 4Q 3 What is the long-run average cost (LRAC) if

Assume that the long-run total cost function is:

LRTC = 2000Q - 160Q2+ 4Q3

What is the long-run average cost (LRAC) if Q = 20?

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