Question: Question 3 Suppose we have a competitive rm with the following total cost function: 003) = q3 8q2+30q+5 a) b) C} d) Find the marginal

Question 3 Suppose we have a competitive rm with the following

Question 3 Suppose we have a competitive rm with the following total cost function: 003) = q3 8q2+30q+5 a) b) C} d) Find the marginal cost Find the average costs Find the average variable cost At What level of output does the M C (q) reaches its minimumiJ At What level of output does the M C (q) cross the AVC (q) ? At what level of output does the M C (q) cross the AC (q) 3' Find the range of prices for which the rm supplies Zero output

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