C(Q) = 80+ 20Q+25Q² +5Q³. Based on this information, determine the following: a. The fixed cost of producing 10 units of output. 80 b. The variable cost of producing 10 units of output. c. The total cost of producing 10 units of output. d. The average fixed cost of producing 10 units of output. e. The average variable cost of producing 10 units of output. f. The average total cost of producing 10 units of output. $ g. The marginal cost when Q = 10.
C(Q) = 80+ 20Q+25Q² +5Q³. Based on this information, determine the following: a. The fixed cost of producing 10 units of output. 80 b. The variable cost of producing 10 units of output. c. The total cost of producing 10 units of output. d. The average fixed cost of producing 10 units of output. e. The average variable cost of producing 10 units of output. f. The average total cost of producing 10 units of output. $ g. The marginal cost when Q = 10.
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter7: Economies Of Scale And Scope
Section: Chapter Questions
Problem 3MC
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