Essay
Given the total cost function TC = 100 + 40Q - 15Q2 + 5Q3,calculate the
a.average fixed cost function (AFC)
b.average variable cost function (AVC)
c.marginal cost function (MC)
Correct Answer:
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a.AFC = 100/Q b.AVC ...View Answer
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Correct Answer:
Verified
a.AFC = 100/Q b.AVC ...
View Answer
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