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QUESTION
If total cost is given by TC = a + bQ + cQ^2+ dQ^3, then marginal cost is minimized at __________ units of output.
If total cost is given by TC = a + bQ + cQ^2+ dQ^3, then marginal cost is
minimized at __________ units of output.
a)
Q* = a / 2d
b)
Q* = b / 2d
c)
Q* = c / 2d
d)
Q* = b / 3d
e)
Q* = c / 3d
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