Answered: Given = TC = f(q) = 0.3q2 -105q +…

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Given = TC = f(q) = 0.3q2 -105q + 120,000 What volume should be produced for minimum cost? What is the minimum cost?

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter21: Production And Costs

Section: Chapter Questions

Problem 10QP

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Given = TC = f(q) = 0.3q2 -105q + 120,000

What volume should be produced for minimum cost?

What is the minimum cost?

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