Hi all, I have this exercise: TC ( total costs ) of a firm in a perfect competitive market are C(q)= q.q+2q+16. Market price is 8. What are marginal cost, average fixed cost, average variable cost , average total cost ? Is it possible how exactly to solve this ? thanks I did not find the right solution from the internet References : http://www.debate.org/forums/economics/topic/93806/ Best Corporate Motion Graphics
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