Question: Suppose the cost function is C(Q)= 50 + Q+10Q^2 +2Q^3At 10 units of output, the average cost curve is A. in the increasing stage B.
Suppose the cost function is C(Q)= 50 + Q+10Q^2 +2Q^3At 10 units of output, the average cost curve is
A. in the increasing stage
B. in the declining stage
C. at the minimum level
D. at the maximum level
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