An economist estimated that the cost function of a single-product firm is: C(Q) = 90 + 30Q + 25Q2 + 10Q3. Based on this information, determine the following: A.The average fixed cost of producing 10 units of output.

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Chapter7: Proudction Costs
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An economist estimated that the cost function of a single-product firm is:

C(Q) = 90 + 30Q + 25Q2 + 10Q3.

Based on this information, determine the following:

A.The average fixed cost of producing 10 units of output.

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