Question: The Dijon Companys total variable cost function is TVC = 50Q 10Q^2 + Q^3, where Q is the number of units of output produced. a.

The Dijon Companys total variable cost function is TVC = 50Q 10Q^2 + Q^3, where Q is the number of units of output produced.

a. What is the output level where marginal cost is a minimum?

b. What is the output level where average variable cost is a minimum?

c. What is the value of average variable cost and marginal cost at the output specified in the answer to part (b)?

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