What quantity is average variable cost a minimum

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A firm in a perfectly competitive industry has the following cost function: C¡= $50+ $1.80 * Q¡ - $0.048*Q¡²+ $0.004* Q¡³ A. At what quantity is average variable cost a minimum? B. How many units would the firm produce if price = $1.80

Reference no: EM13983929

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