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For the given average cost function AC(Q)=161 +64-20Q+²0 Q² Minimize the Marginal Cost MC(Q). Use 3-step optimization pr
Posted: Sat Jul 09, 2022 2:26 pm
by answerhappygod
- For The Given Average Cost Function Ac Q 161 64 20q 0 Q Minimize The Marginal Cost Mc Q Use 3 Step Optimization Pr 1 (55.81 KiB) Viewed 80 times
For the given average cost function AC(Q)=161 +64-20Q+²0 Q² Minimize the Marginal Cost MC(Q). Use 3-step optimization process: 1. Find the critical values of the function the is to be optimized 2. Use second-derivative condition to eliminate unwanted critical values 3. Find the optimal value of the function Round to the nearest dollar. Answer: GA