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When we construct the cubic total variable cost, TVC = aQ + bQ2 + cQ3, in order to confirm the theoretical properties, the parameters should satisfy
a > 0, b > 0, and c < 0.
a < 0, b > 0, and c < 0.
a > 0, b < 0, and c > 0.
a < 0, b < 0, and c > 0.
Microeconomics, Economics
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