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Average Cost Will be 3
Step-by-step explanation:
Avg cost = cost of variable / demanded quantity
Here quantity is output which is X tons
= x³ - 4x² - 7x
_________
x
f(x) = x³ - 4x² - 7
find the minimum value of the function
it will be x = 2
so, f(x) = x³ - 4x² - 7 will be 3
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