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    Economics: Total cost and average cost calculations.

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    The cost function for a business is shown in the table below (where Q is the level of output):

    Q (units) Cost
    0 8
    1 24
    2 38
    3 44
    4 51
    5 52
    6 59
    7 65
    8 79
    9 95
    10 125

    Calculate the (a) marginal cost and (b) the average total cost schedules.

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    https://brainmass.com/economics/output-and-costs/economics-total-cost-average-cost-calculations-385671

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    Solution Summary

    The problem deals with estimating marginal cost and average cost from provided information.

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