# ECONOMICS

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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1. 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.

Sra

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2. 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?

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3. 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?

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4. suppose that Anbassa shoe factory operates in a perfectly competitive market. the market price of its product is \$74 per units . The firm estimates its cost of production with the cost function of TC = 128 + 50Q- 16Q^2+2Q^3. A, what level of output should the firm produce to maximize ? B, determine the level of profit at equilibrium. C, what minimum price is required by the firm to stay in the market?

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5. suppose that Anbassa shoe factory operates in a perfectly competitive market. The market price of its product is \$74 per units. The firm estimates its cost of production with the cost function of TC = 128 + 50Q - 16Q ^2 +2Q^3. A, what level of output should the firm produce to maximize its profit? B, determine the level of profit at equilibrium. C, what minimum price is required by the firm to stay in the market?

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