Solve for the parameters a- and c

Reference no: EM13243586

The standard best practice technology available to any firm in anindustry uses a factory with an Average Cost Curve given by:

AC= a-bq+cq^2

when output(q)= 0 then AC=10,
minimum AC=5 , this is achieved when output(q) =30

Solve for the parameters a,b and c?

Reference no: EM13243586

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