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Calculate joe total and average cost curves

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Reference no: EM131267129

Fisher Joe, the shrimp harvester, has found that his production function in acquiring shrimps is given by q=2(square root h). Q= the weight of shrimps caught in a day measured in pounds and H= the number of hours Joes's employees spend fishing for shrimp in one day.  Joe pays his employees $8 per hour. 

a. Calculate Joe's total and average cost curves (as a function of q)

Reference no: EM131267129

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