« previous next »

Author Question: Given the total cost function TC = 100 + 40Q - 15Q2 + 5Q3, calculate the a. average fixed cost ... (Read 139 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
on: Jul 1, 2018
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)

Question 2

In a small town, it snowed 10 times on Christmas Eve during 25 years. What is the frequency of snowing on Christmas Eve in that small town?
 
  A) 10
  B) 25
  C) 2.5
  D) 0.4


Juro

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jul 1, 2018
Answer to Question 1

a. AFC = 100/Q
b. AVC = 40 - 15Q + 5Q2
c. MC = 40 - 30Q + 15Q2

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Function and structure of aquaporin Function and structure of aquaporin
Function of the Rb protein Function of the Rb protein
Compression ratio is the ratio of the total cylinder volume (when the piston is at the bottom of ... Compression ratio is the ratio of the total cylinder volume (when the piston is at the bottom of ...
Integral of function p2 Integral of function p2
Sketch a graph of the inverse of each exponential function. Sketch a graph of the inverse of each exponential function.
Total parenteral nutrition through a catheter in the right subclavian Total parenteral nutrition through a catheter in the right subclavian
Video: Stomach peristalsis & Enterogastric reflex

For a complete list of videos, visit our video library