. 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

7 answers

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

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?

. The short run cost function of the firm is of the form: TC = 300 + 50Q - 10Q2 + Q3.

The short run cost function of the firm is of the form: TC = 300 + 50Q - 10Q2 + Q3.

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?

YES

fc 300

What is the value of fixed costs?

anuwar

Economics