Fixed cost-variable cost-marginal cost

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Reference no: EM13892093

Suppose a firm's Total Cost Function is:

TC = 4Q^2 + 12Q +30.

Identify:

1) Fixed Cost

2) Variable Cost

3) Marginal Cost

4) Average Fixed Cost

5) Average Total Cost

6) The quantity where AVC is at its minimum

7) The Quantity where ATC is at its minimum

Reference no: EM13892093

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