Suppose a firm's total cost curve is 
a. Use calculus to find the quantity that minimizes average variable cost for the firm.
b. Demonstrate that average variable cost is equal to marginal cost at this quantity.
Definitions:
Manufacturing Costs
Costs specifically associated with the creation of products, encompassing materials, workforce, and indirect expenses.
Current Year
The present calendar or fiscal year in which business operations, transactions, or financial statements are being considered or reported.
Direct Materials
The raw materials that can be directly attributed to the production of goods.
Cost of Goods Manufactured
The total cost of producing goods during a specific period, including materials, labor, and overhead.
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