Question
For each of the total cost functions, write the expressions for the total fixed cost, average variable cost, and marginal cost (if not given), and
For each of the total cost functions, write the expressions for the total fixed cost, average variable cost, and marginal cost (if not given), and draw the average total cost and marginal cost curves.
a. TC (q) = 10Q
b. TC (q) =16 + 10Q
c. TC (q) = 10Q2, where MC (q) = 20Q
d. TC (q) = 160 + 10Q2 where MC (q) = 20Q
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Microeconomics Theory And Applications With Calculus
Authors: Jeffrey M. Perloff
4th Edition
134167384, 134167381, 978-0134167381
