What is the variable cost function of a firm

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Reference no: EM13241378

A firm has the following Price and Cost functions:

P = 130 - 5Q
TC = 500 + 10Q2 +10Q

(a) Calculate profit-maximizing output
(b) Calculate Price at profit-maximizing point
(c)What is the variable cost function?

Reference no: EM13241378

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