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July 5, 2015

Homework Help: ECONOMICS

Posted by AMAR JYOTI on Thursday, September 15, 2011 at 7:18am.

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?

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