Asked by John

For a cost function C = 100 + 10Q + Q2, the average variable cost of producing 20 units of output is
A. 10
B. 20
C. 30
D. None of the statements associated with this question are correct
Answered by economyst
Plug 20 into your formula for total costs, then calculate average variable cost. Remember, the 100 in the total cost represents fixed costs.
Answered by Anonymous
30
Answered by mestawet
important for class discussion
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