Given the Total Cost function: TC = 200-2Q+0.05Q² What is the rate of output that minimizes Average Total Cost?

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter11: The Firm: Production And Costs
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Given the Total Cost function: TC = 200-2Q+0.05Q²
What is the rate of output that minimizes Average Total Cost?
Transcribed Image Text:Given the Total Cost function: TC = 200-2Q+0.05Q² What is the rate of output that minimizes Average Total Cost?
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