Homework Help: Managerial Economics

Posted by John on Thursday, February 5, 2009 at 11:21pm.

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

Managerial Economics - economyst, Friday, February 6, 2009 at 2:31pm
Plug 20 into your formula for total costs, then calculate average variable cost. Remember, the 100 in the total cost represents fixed costs.
Managerial Economics - tiffany, Wednesday, July 7, 2010 at 5:50pm
b

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