🏷️ LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION →
Log in
Economics
6
answers
0
watching
62
views

Total cost: C(q)= 10 +q+q^2
1-Variable cost function?
2- Variable cost of production 2 units?
3- fixed cost
4- Marginal cost function?
5- marginal cost of production 2 units?

Please answer these questions without using derivative method.

Watch
6
answers
0
watching
62
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Get unlimited access
Already have an account? Log in
Share
Get unlimited access
Already have an account? Log in
Share
Get unlimited access
Already have an account? Log in
Share
Get unlimited access
Already have an account? Log in
Share
Get unlimited access
Already have an account? Log in
Share
Get unlimited access
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

Total cost: C(q)= 10 +q+q^2
1-Variable cost function?
2- Variable cost of production 2 units?
3- fixed cost
4- Marginal cost function?
5- marginal cost of production 2 units?

Please answer these questions without using derivative method.

Assume that the operation has the cost function C(Q) = 200 + 3Q + 8Q2+ 4Q3 and the marginal cost function MC (Q) = 3 + 16Q + 12Q2. Determine the following:

(1) Average fixed cost to product 6 units of output.

(2) Average variable cost to produce 6 untis of output.

(3) Marginal cost to produce 6 units of output

(4) Average total cost to produce 6 units of output

I have this short-run total cost function TC(x) = 25x + 100, and x is the quantity produced.

a) Find the Fixed Cost of production: FC=

b) Find Variable Cost production: VC(x)=

c) Find the equation for Average Fixed Cost: AFC(x)=

d) Find the equation for Average Variable Cost: AVC(x)=

e) Show the equation for Average Cost: AC(x)=

f) Show the equation for Average Cost of producing x=10 units of output: AC(10)=

g) Find the Marginal Cost of production: MC(x)=

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in