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A firm has an average cost function A(q) = 125/q +q2/16 -4 where q is the firm's output Hence determine the range of values for which average costs are decreasing

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter3: Linear And Nonlinear Functions

Section: Chapter Questions

Problem 26MCQ

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Question

A firm has an average cost function

A(q) = 125/q +q²/16 -4

where q is the firm's output
Hence determine the range of values for which average costs are decreasing

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