Calculate tonys average cost curves atc and afc

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Reference no: EM13204138

Tony owns a fancy Italian restaurant, Tony's Trattoria. He uses only the finest ingredients and hires the best chefs in the country. Suppose Tony's total cost function is given by the following relationship: TC =100 +10Q +Q^2 , where Q is the number of 3 course meals prepared in an hour.
a. Calculate Tony's average cost curves: ATC, AFC, and AVC.

Reference no: EM13204138

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