webwork.uj.ac.za Previous Problem Problem List Next Problem 3 points The average cost per item to produce q items is given by aq=0.02q2-1.2q+23 for q>0 What is the total cost, Cq , of producing q goods? Cq=-- What is the minimum marginal cost? minimum MC= .. Be sure you can say what the practical interpretation of this result is! At what production level is the average cost a minimum? q= ... What is the lowest average cost? minimum average cos t= ..................................................................................... Compute the marginal cost at q=30 MC30=...... How does this relate to your previous answer? Explain this relationship both analytically and in words.