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Given the following cost function, determine the level of (nonzero) output at which the cost function is minimized, and the level of the costs. MC=200-48Q+3Q^2
Please solve, explain and show work.
The time required for one team of employees to produce the first item is 100 hours. The learning curve percentage for unit number 70 is established to be 88%. what amount of time will they need to produce unit number 130?
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