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Straker Industries Estimated Its Short-Run Costs Using a U-Shaped Average AVC=a+bQ+cQ2A V C = a + b Q + c Q ^ { 2 }

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Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the form AVC=a+bQ+cQ2A V C = a + b Q + c Q ^ { 2 } and obtained the following results.Total fixed cost (TFC) at Straker Industries is $1,000.  Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the form  A V C = a + b Q + c Q ^ { 2 }  and obtained the following results.Total fixed cost (TFC) at Straker Industries is $1,000.   If Straker Industries produces 12 units of output,what is estimated average total cost (ATC) ? A) $121.93 B) $171.40 C) $463.20 D) $1,348 If Straker Industries produces 12 units of output,what is estimated average total cost (ATC) ?


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