What is the marginal cost

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Reference no: EM133203124

A car manufacture produces cars under a total cost function 

TC(q)=10+4q+2q2

1) Which part of the cost is fixed cost and which part of the cost is variable cost? 

2)  What is the marginal cost? What is the average cost?

3) In the short run, what is the market price below which this shipping center will shut down production?

4)  In the long run, what is the market price below which this shipping center will close

Reference no: EM133203124

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