Calculate the output level that minimizes average variable
A firm has total cost of production equal to TC= 160+48q-12q squared + q to the third power. Marginal cost of MC= 48-24q+3q squared, where q is the number of units per month. Calculate the output level that minimizes average variable cost.
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a firm has total cost of production equal to tc 16048q-12q squared q to the third power marginal cost of mc 48-24q3q
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