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
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
Answers
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
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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