Calculate the output at which sratc is minimized

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Reference no: EM13239508

A cost study has determined the firm's short-run total cost function as:

TC = $2q2 +$20q + $1000

Calculate SRATC, AFC, AVC, and MC when output is q = 20 units per hour.
Calculate the output at which SRATC is minimized and SRATC at that output.

Reference no: EM13239508

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