(Answered) Consider the cost function cy 4y2 161 write down

Economics

Consider the cost function c(y) = 4y^2 + 16.

1) Write down expressions for the average cost function, marginal costfunction, and average variable cost.

2)What is the level of output that yields the minimum average cost of production?

3) At what level of output does average variable cost equals marginal cost?

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