Assume that a maker of surfboards has average total costs given by the following:ATC = 2 + 2*q +20/q What is the AVC when q = 8?

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter21: Production And Costs
Section21.4: Costs Of Production: Total, Average, Marginal
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Assume that a maker of surfboards has average total costs given by the following:ATC = 2 + 2*q +20/q What is the
AVC when q = 8?
Transcribed Image Text:Assume that a maker of surfboards has average total costs given by the following:ATC = 2 + 2*q +20/q What is the AVC when q = 8?
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