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Calculate marginal costs

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Reference no: EM132146988

Problem 1. A firm's production function C is given by C (q) = 0:5q 2+2q 1 2 +18, where q is the level of output.

(i) Calculate marginal costs

(ii) If all fixed costs are sunk, and the minimum price at which this firm will choose to operate in the market

Reference no: EM132146988

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