Question: GOOD explanations ,THANK YOU A firm's total cost function is given by: = +^ +.^ (a) Derive the expression for marginal cost. (b) Derive the

GOOD explanations ,THANK YOU

A firm's total cost function is given by:

= +^ +.^

(a) Derive the expression for marginal cost.

(b) Derive the expression for average cost.

(c) Draw the graphs of these two functions.

(d) What do you notice about their intersection?

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