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| Teaching Since: | Apr 2017 |
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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
1)Â Â Â Â Â #1 Best Laundry has the following cost function:
 TC = 10 + 10 Q + Q2      where Q is tons of laundry cleaned.
MC = 10 + 2Q
a)      Derive the firm’s average total cost curve equation
b)     Do the same for the firm’s average variable cost curve
c)Â Â Â Â Â Â If the competitive market price is $50/ton, How many tons of laundry would it clean?
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