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1.Analyze the major short run and long cost functions for the low-calorie, frozen microwaveable food company given the cost functions below. Suggest substantive ways in

1.Analyze the major short run and long cost functions for the low-calorie, frozen microwaveable food company given the cost functions below. Suggest substantive ways in which the low-calorie food company may use this information in order to make decisions in both the short-run and the long-run.

TC = 150,000,000 + 100Q + 0.0063Q2

VC = 100Q + 0.0063Q2

MC= 100 + 0.0126Q

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