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Sac curves if the short run total cost function is

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Suppose a firm’s input of capital is fixed at K = 5 . The cost of capital is r = 2. Derive the formulas for and plot the AFC, MC, AVC, and SAC curves if the short run total cost function is:

a) TC(Q) = 10 + 10Q

b) TC(Q) = 10 + Q2

c) TC(Q) = 10 + 10Q - 4Q2 + Q3

Reference no: EM13324279

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