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1 A firm has total cost of TC(y)=y²+1 and marginal cost of MC(y)=2y. What is the...

1 A firm has total cost of TC(y)=y²+1 and marginal cost of MC(y)=2y. What is the firm's average variable cost?
Group of answer choices

neither one is correct

y²

2y

1/y

y

2 A firm has total cost of TC(y)=y²+1 and marginal cost of MC(y)=2y. What is the firm's average fixed cost?
Group of answer choices

2y

y²

1

y

neither one is correct
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