A firm has determined that its variable costs are given by, Ask an Expert

Economics

A firm has determined that its variable costs are given by the following relationship:

VC = 0.5Q3 - 5Q2 + 500Q where Q is the quantity of ouput produced and the fixed cost is 0.

Determine the output level where the average variable costs are minimized.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M966573

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