A Firm's Average Cost Function Is Given By $A C = \frac { 800 } { Q } + 2 Q + 18$

question 1

Multiple Choice

A firm's average cost function is given by $A C = \frac { 800 } { Q } + 2 Q + 18$ Find, to the nearest whole number, the value of Q at the lowest point on the graph of AC plotted against Q, in the interval, 0 c Q c 30.

• A)25
• B)20
• C)15
• D)5
• E)10

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