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The cost curve facing a firm is TC(Q)=3Q+8Q+192 where: Q is the number of units produced per time period.
The cost curve facing a firm is
TC(Q)=3Q²+8Q+192
where:
Q is the number of units produced per time period.
TC is cost of production in dollars
At Q = 4,
1)
5 > Slope of Average Cost > 0; Marginal Cost - Average Cost < 10
2)
Slope of Average Cost < -10; Average Cost - Marginal Cost > 40
3)
-10 <Slope of Average Cost < 0; Average Cost - Marginal Cost < 40
4)
Slope of Average Cost > 5; Marginal Cost - Average Cost > 10
Please give me the full solution.