Question
If Fixed Cost = 500, Variable Cost = 70Q - 5Q 2 + 0.12Q 3 , find (a) TC for Q units of output. (b)
If Fixed Cost = 500, Variable Cost = 70Q - 5Q2+ 0.12Q3, find
(a) TC for Q units of output.
(b) ATC for Q units of output.
(c) AFC for Q units of output.
(d) AVC for Q units of output.
(e) MC for Q units of output.(You need to apply the rule of derivative).
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International Economics
Authors: Robert Carbaugh
15th edition
1285854357, 978-1305177093, 1305177096, 978-1285854359
