Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

kindly assist me . thank you so much 1--If TVC is 100 - 2Q2 + 5Q3, (one hundred minus two Q squared plus five Q

kindly assist me . thank you so much

1--If TVC is 100 - 2Q2 + 5Q3, (one hundred minus two Q squared plus five Q cubed) then AVC is 100 - 2Q + 5Q2 ( one hundred minus two Q plus five Q squared).

Select one:

True

False

2--If TC is 100 - 2Q2 + 5Q3 (one hundred minus two Q squared plus five Q cubed), then MC is 4Q + 15Q2 (four Q plus fifteen Q squared).

Select one:

True

False

3--If Total Cost is TC = 10 - Q + 0.1Q2 (zero point one Q squared) and Q is 4, then

a-Both of the above are correct

b-Marginal cost is -1.

c-Average fixed cost is 2.5

d-None of the above are correct

4--If Total Cost is given by TC = 10 -Q +3Q2 (Three Q squared), and Q = 10, then AC is

a--None of the above

b--10

c--0.5

d--3

5--f Total Cost is given by TC = 10Q - Q2 + 0.3Q3 (10Q minus Q squared plus 0.3 Q cubed), then average total cost is at a minimum when

a--Q = 0

b--None of the above

c--Q = 1.67

d--Q = 3.33

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Transdisciplinarity For Sustainability Aligning Diverse Practices

Authors: Martina Keitsch

1st Edition

0429581505, 9780429581502

More Books

Students also viewed these Economics questions

Question

6. How can hidden knowledge guide our actions?

Answered: 1 week ago