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I have a spread sheet with total cost and quantity listed. Total cost function is 1,046,000 + 4211*Q - 6.1335*(Q^2) + .0037*(Q^3) Marginal Cost =
I have a spread sheet with total cost and quantity listed.
Total cost function is 1,046,000 + 4211*Q - 6.1335*(Q^2) + .0037*(Q^3)
Marginal Cost = 4211 - 12.267*Q + .0111*(Q^2)
How do I calculate Total fixed cost and total variable cost and average total cost and average fixed cost, average variable cost and marginal cost?
The first few rows are as follows:
Quantity Total Cost
0 $1,046,000
100 $1,409,465
110 $1,439,919
I just need to figure out how to calculate each?
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