Unformatted text preview: ATC = __________________ f) What is the Marginal Cost Equation? MC = __________________ g) At what level of output (Q) is AVC minimum? Q = __________ (show work) h) At what level of output (Q) is Marginal Cost mimimum? Q = _________ (show work) i) What is the variable cost per unit (AVC) when the firm produces the Quantity where marginal cost is minimum (the quantity found in part h)? AVC = _______...
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This note was uploaded on 12/05/2011 for the course ECON 201 taught by Professor Ninkovic during the Fall '08 term at Emory.
- Fall '08