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Derive the firm average total cost curve equation

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Reference no: EM131515616

1) Best Laundry has the following cost function:

TC = 10 + 10 Q + Q2 where Q is tons of laundry cleaned.

MC = 10 + 2Q

a) Derive the firm's average total cost curve equation.

b) Do the same for the firm's average variable cost curve.

c) If the competitive market price is $50/ton, How many tons of laundry would it clean?

Reference no: EM131515616

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