A company produces sugar. The company's total cost function is represented by the following expression: CT(q) = 10(q)^3

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answerhappygod
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A company produces sugar. The company's total cost function is represented by the following expression: CT(q) = 10(q)^3

Post by answerhappygod »

A company produces sugar. The company's total cost function is
represented by the following expression:
CT(q) = 10(q)^3 - 2(q)^2 + q
Where q is in thousands of tons per period.
For what level of production do the values of marginal costs and
total average costs coincide in this company?
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