jlmn5884 jlmn5884
  • 12-01-2024
  • Business
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Suppose an economist estimated that the cost function for Terry's frame shop is C(q) = 100 - 10q - 20q^2 - 10q^3. Given Terry produces 2 frames, what are the associated average variable costs?
a) $160
b) $140
c) $120
d) $100

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