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TC = 1000 + 0.2 Q + 0.001 Q 2 Given the above cost function, answer the following: FC = __1,000______________ VC = ___0.2Q+0.001Q^2_____________ AFC

  1. TC = 1000 + 0.2 Q + 0.001 Q2

Given the above cost function, answer the following:

  1. FC = __1,000______________

  1. VC = ___0.2Q+0.001Q^2_____________

  1. AFC = __1,000/Q_________________

  1. AVC = __________________

  1. ATC = ____________________

  1. Calculate AFC, AVC, ATC if Q = 100

  1. Given the following cost table, fill in the blanks

Q

FC

VC

TC

AFC

AVC

ATC

MC

0

10000

1

200

2

5150

3

200

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