« previous next »

Author Question: Given the total cost function TC = 100 + 40Q - 15Q2 + 5Q3, calculate the a. average fixed cost ... (Read 134 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?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Medication errors are three times higher among children and infants than with adults.

The structure and function of the renal corpuscle. The structure and function of the renal corpuscle.
How to perform the concavity test and second derivative test for a function (Part 2) How to perform the concavity test and second derivative test for a function (Part 2)
Model for translocon function Model for translocon function
How to calculate mean, median, and mode How to calculate mean, median, and mode
Testing motor function of cranial nerve VII - Close both eyes Testing motor function of cranial nerve VII - Close both eyes
How to calculate the gain and loss gene numbers with low bootstrap of phylogenetic tree? How to calculate the gain and loss gene numbers with low bootstrap of phylogenetic tree?
Video: Introduction to Human Immunodeficiency Virus (HIV)

For a complete list of videos, visit our video library