Asked by anuwar

. The short run cost function of the firm is of the form: TC = 300 + 50Q - 10Q2 + Q3.
a) What is the value of fixed costs?
b) Write expressions for ATC, AVC, AFC and the marginal cost.
c) Calculate the output at which average total costs are minimized
Answered by Dejene
What is the value of fixed costs?
Answered by Dejene
The short run cost function of the firm is of the form: TC = 300 + 50Q - 10Q2 + Q3.
a) What is the value of fixed costs?
b) Write expressions for ATC, AVC, AFC and the marginal cost.
c) Calculate the output at which average total costs are minimized
Answered by Dejene
anuwar
Answered by Kenziladi
Economics
Answered by abdulakimzenu
7. The short run cost function of the firm is of the form: TC = 300 + 50Q - 10Q2 + Q3. A. What is the value of fixed costs? (1 pts.) B. Write expressions for ATC, AVC, AFC and the marginal cost. (2 pts.) C. Calculate the output at which average total costs are minimized?
Answered by TOLASA
YES
Answered by Abubukri Husein5
fc 300
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