For Each of the Following Cost Functions,if Possible,find Minimum AC

question 43

Essay

For each of the following cost functions,if possible,find minimum AC and minimum AVC.
a.TC = 20,000 + 10 Q
b.TC = 18,000 + Q + 0.2 Q²

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Definitions:

Igf2

Insulin-like Growth Factor 2, a protein involved in cellular growth, development, and function, playing a critical role in prenatal growth and development.

Igf2r

A gene that encodes the insulin-like growth factor 2 receptor, involved in various cellular processes including growth, development, and apoptosis.

Parental Fitness

The genetic contribution of parents to the next generation's gene pool, usually measured by the number of offspring that survive to reproductive age.

Extrinsic Mortality

The death rate from external factors, outside the organism's control, such as predation or accidents, as opposed to intrinsic factors like aging.