Problem III: For each of the following total cost functions, derive the AFC, ATC, AVC, and MC curves.
a) T C = 20Q + 3Q2 + Q3
b)T C = 120 + 2Q2
c) T C = 500 + 2Q2
d) T C = 100Q + 2Q3 + 20
e) T C = 20 + 5Q
Someone please help me solve this? I need step-step solutions. Thank you in advance.
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