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?
suppose that the short run costs for a paintbrush manufacturer are given by the expression: TC: 100+2Q+0.01Q^2. A, what is the fixed cost of this manufacturer? B, what are the total cost , average cost , average variable cost, and marginal cost at 50 units of output?
Suppose that the short run costs for a paintbrush manufacturer are given by the expression: TC = 100+2Q+0.01 Q2
a) What is the fixed cost of this manufacturer?
b) What are the total costs, average cost, average variable cost and marginal cost at 50and 100 units of output?