A firmrsquos total cost as a function of output quantity is, Business Economics

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A firmrsquos total cost as a function of output quantity is

A firm’s Total Cost as a function of output Quantity is described by TC(Q) = 2Q³-8Q² + 12Q + 4.

Use (or review) your knowledge of cost curves, and use derivatives as necessary, to find the following:

A) What is the firm’s Fixed Cost? (exactly)

B) At what Quantity is Average Variable Cost = Marginal Cost? (exactly)

C) What is Average Total Cost at Q = 16? (exactly)

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Business Economics: A firmrsquos total cost as a function of output quantity is

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Business Economics: A firmrsquos total cost as a function of output quantity is

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