Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy

A firm faces the following long-run cost function TC = q3 - 40q2 + 450q. Average Cost (AC), will be at its minimum when

1
q = 10, AC = 20
2
q = 40, AC = 60
3
q = 40, AC = 10
4
q = 20, AC = 50
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