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In the short-run, firms' fixed costs (FC) are $160 and their variable costs (VC) are $22q+ 0.1q2.
a. What is the equation of average variable costs?
b. What is the equation of average total costs?
c. What is the equation of marginal costs?
d. At what level of output are average total costs at their minimum?
e. At what level of output are average variable costs at their minimum?
f. What is the equation of this firm's short-run supply curve?
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was low at a point and time in past human capital is also relevant never ever use selection bias! Equipment is it investment or is it technological change.
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Home produced 450 bushels of pears also 1050 cellular phones. This year it produced 450 bushels of pears also 2000 cellular phone.
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