Give the formulas for average fixed cost, AFC,
marginal cost, MC, average variable cost, AVC, and
average cost, AC, if the cost function is:
C=3+q2.
Marginal cost is:
MC = enter your response here
Average fixed cost is:
AFC = enter your response here
Average variable cost is:
AVC = enter your response here
Average cost is:
AC = enter your response here
Give the formulas for average fixed cost, AFC, marginal cost, MC, average variable cost, AVC, and average cost, AC,
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