Consider the following cost function:C=0.3q³-3q² +70q+150.When output is 18 units, average cost is $121.53. (Enter a numeric response using a real number rounded to two decimal places.)When output is 18 units, marginal cos) is $.

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Answered: Consider the following cost function:…

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter6: Vector Spaces

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Consider the following cost function: C=0.3q³-3q² +70q+150. When output is 18 units, average cost is $121.53. (Enter a numeric response using a real number rounded to two decimal places.) When output is 18 units, marginal cos) is $