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Warby Parker's total cost function for their popular Ainsley style frames is given as : TC =100+60Q-12Q2 +Q3. Based on this equation, show the related

Warby Parker's total cost function for their popular Ainsley style frames is given as : TC =100+60Q-12Q2 +Q3. Based on this equation, show the related equations for TVC, AVC, and MC. Also, at what quantity is AVC at its minimum? Hint: For the last question, take the first derivative of the AVC equation and set it to zero. Then solve for Q

TVC

AVC

MC

Quantity where AVC is minimized.

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