Question 1 2 pts units. Flag this Question Question 2 2 pts what quantity will m

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Question 1 2 pts

units.

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Question 2 2 pts

what quantity will minimize the average cost?

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Question 3 2 pts

Calculate the average cost when 100 units are produced.

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Question 4 2 pts

. Choose the correct statement below. Assume that the factory sells all that it produces and that the factory's production level has no effect on the price.

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Question 5 2 pts

price increase?

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Question 6 2 pts

. Choose the best statement below.

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Question 7 2 pts

.

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Question 8 2 pts

?

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Question 9 2 pts

. Approximate to the nearest week.

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Question 10 2 pts

.

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Question 11 2 pts

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Question 12 2 pts

is in minutes since the substance is consumed and the concentration is in milligrams per liter (mg/l). At what rate is the concentration changing after 15 minutes?

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Question 13 2 pts

is in hours since the substance is consumed and the concentration is milligrams per
liter (mg/l). At what time does the concentration reach a maximum?

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Question 14 4 pts

is in minutes since the substance is consumed and the concentration is in milligrams per liter (mg/l). Calculate the maximum concentration to the nearest mg/l.

Explanation / Answer

1) Average cost is defined as = Total cost/Q

Based on graph,Total cost=150 and Q=10

Therefore, AC=150/10 = $15

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