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Why is the standard deviation a better measurement than the variance when measuring dispersion from the mean?
Business Management, Management Studies
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If Average Total Costs are 16.83 at 6 units of output, what are Total Costs?
Suppose the total cost function for a firm is given by: TC= 100 + 2q +0.5q2. Find the marginal cost function and then use that to determine the marginal cost of the 20th unit.
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