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What is the average fixed cost of producing

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Reference no: EM132219824

The cost function for KLM Company is given by C(Q) = 100 + 10Q + Q2, where costs are measured in thousands of dollars, and output is measured in thousands of hours rented.

  1. What is the average fixed cost of producing 4 units of output?
  2. What is the average variable cost of producing 4 units of output?

Reference no: EM132219824

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