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What is the firm''s average cost of producing 500 units

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Reference no: EM13877368

Consider a firm with the total cost function TC = 0.00025Q3- 0.10Q2+ 20Q + 4000

(a) What is the firm's average cost of producing 500 units?

(b) What is the firm's marginal cost of producing 500th unit?

Reference no: EM13877368

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