Mathematics, 16.09.2021 18:00 zambk10

3. A firm’s average cost function is given by AC = (800 : Q) +2Q= 18
(a) Find, to the nearest whole number, the value of Q at the lowest point on the graph of AC plotted against Q, in the interval, 0 ≤ Q ≤ 30.
(b) State the value of the fixed costs.

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3. A firm’s average cost function is given by AC = (800 : Q) +2Q= 18
(a) Find, to the neares...

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3. A firm’s average cost function is given by AC = (800 : Q) +2Q= 18 (a) Find, to the nearest whole number, the value of Q at the lowest point on the graph of AC plotted against Q, in the interval, 0 ≤ Q ≤ 30. (b) State the value of the fixed costs.

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Another question on Mathematics

3. A firm’s average cost function is given by AC = (800 : Q) +2Q= 18
(a) Find, to the nearest whole number, the value of Q at the lowest point on the graph of AC plotted against Q, in the interval, 0 ≤ Q ≤ 30.
(b) State the value of the fixed costs.