Graph the marginal cost curve and average cost curve, Microeconomics

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Graph the marginal cost curve and average cost curve

Problem

Suppose that a firm has a linear marginal cost MC(q) = 10q, and positive fixed costs. On a graph with quantity on the x-axis and price-per-unit on the y-axis, graph the marginal cost curve, average cost curve, and average variable cost curve (we will discuss these concepts more on Tuesday March 21).

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Microeconomics: Graph the marginal cost curve and average cost curve

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