Provide the formulas for Dents average variable cost and average cost

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Dent Carr is in the auto repair business and is a perfectly competitive firm. Dent found that the t Show more Dent Carr is in the auto repair business and is a perfectly competitive firm. Dent found that the total cost of repairing q cars is TC(q)=2q2 + 100. Dents MC with this total cost would be 4q. Assume that Dents fixed costs are all sunk. a. Provide the formulas for Dents average variable cost and average cost. b. If the market price is $20 how many cars will Dent be willing to repair? c. If the fixed costs were avoidable instead of sunk how (if at all) would this change your answers to part b)? Show less

 

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