Posted by AMAR JYOTI on .
suppose that the short run costs for a paintbrush manufacturer are given by the expression:
TC= 100+2Q+.01 Q2
A. WAT ARE THE FIXED COSTS OF THIS MANUFACTURE?
B. WHAT ARE THE TOTAL COSTS , AVERAGE COST, AVERAGE VARIABLE COST AND MARGINAL COST AT 50 AND 100 UNITS OF OUTPUT?
C. AT WHAT OUTPUT IS AVERAGE COST THE MINIMUM?
Next time, please do n ot use upper case/capital leteters. They are harder to read and in computer language, they are considered as rude as shouting.