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What is the formula for the firm average variable costs

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Reference no: EM133054099

Question - Suppose a firm's plant produces Q units in any given year. The plant itself operates with annualized costs of $10M and other annual fixed expenses totaling $3M. In addition, the firm's variable costs depend on Q and are given by the formula 5Q^2+3Q. What is the formula for the firm's Average Variable Costs?

Reference no: EM133054099

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