What is the quantity that minimizes average total cost

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Reference no: EM13243748

A companies total cost are given
TC = 1000 + 2q + 5q2
Write the expressions for:
a. Total fixed cost
b. Average Fixed cost
c. Total Variable cost
d. average variable cost
e. average total cost
f. if marginal cost for business is MC = 2 + 10q, what is thequantity that minimizes average total cost?

Reference no: EM13243748

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