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Author Question: Suppose a cost function is TC = Aq3 + bq2 + cq + d. Then the average variable cost is a. Aq2 + bq + ... (Read 69 times)

OSWALD

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on: Jul 1, 2018
Suppose a cost function is TC = Aq3 + bq2 + cq + d. Then the average variable cost is
 a. Aq2 + bq + cq +d/q
  b. Aq2 + bq + c
  c. Aq3 + bq2 + cq
  d. d

Question 2

Suppose a cost function is TC = Aq3 + bq2 + cq + d. Then the average total cost is
 a. Aq2 + bq + cq +d/q
  b. Aq2 + bq + c
  c. Aq3 + bq2 + cq
  d. d


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manuelcastillo

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

a


OSWALD

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  • Posts: 580
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

helenmarkerine

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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