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The total fixed cost of firm A is:- 32Q² + 10Q - 44 Calculate the average cost function for the same firm.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter7: Economies Of Scale And Scope

Section: Chapter Questions

Problem 11MC

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The total fixed cost of firm A is:-
32Q² + 10Q - 44
Calculate the average cost function for the
same firm.

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