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What are the fixed costs of the company

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Reference no: EM132647707

It is known that the cost function of a multinational company is:C = 10 + 4Q - 8Q2 + 8Q3

Question:

a. What are the fixed costs of the company?

b. Show the Marginal Cost function!

c. Show the Average Variable Cost function!

d. Determine the level of production when the average variable cost (AVC) is minimum!

e. Prove that when AVC is minimum, the value of AVC = MC

Reference no: EM132647707

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