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Calculate output marginal cost average cost price and

Average cost minimization.

TR= $3000Q - $0.5Q2
TC= $100,000 + $1,500Q + $0.1Q2

a. Calculate output, marginal cost, average cost, price, and profit at the average cost-minimizing activity level.

b. Calculate these values at the profit-maximizing activity level.

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Managerial Economics: Calculate output marginal cost average cost price and

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