Question: The average cost function for an electric light and power plant is estimated to be c(q) 0.01q 0.05 0.25/q (in dollars/kWh), where q is output

The average cost function for an electric light and power plant is estimated to be c(q) 0.01q 0.05 0.25/q (in dollars/kWh), where q is output (in kilowatt hours, kWh).

(a) Find the total cost when q = 1 kWh.

(b) Find the marginal-cost function.

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