Gce Model Questions Vol1 2023 Economics Question 19
Practice objective / multiple choice question 19 from the 2023 Gce Model Questions Vol1 Economics examination.
A firm's total cost function (in thousands of dollars) is given by \( TC = 0.02Q^{3} - 0.3Q^{2} + 10Q + 50 \), where \(Q\) is output in units. Find the level of output that minimises average total cost (ATC). Give your answer rounded to two decimal places.
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About This Question
This is Gce Model Questions Vol1 2023 Economics Question 19. It is one of the objective questions from the 2023 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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