Post a New Question

Managerial Economics

posted by on .

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 - ,

    Plug 20 into your formula for total costs, then calculate average variable cost. Remember, the 100 in the total cost represents fixed costs.

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question