« previous next »

Author Question: Given the total cost function TC = 100 + 40Q - 15Q2 + 5Q3, calculate the a. average fixed cost ... (Read 141 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?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Glioma. (a) Illustration of a large glioma (colored area) within the left cerebral hemisphere in a s Glioma. (a) Illustration of a large glioma (colored area) within the left cerebral hemisphere in a s
How to reflect the quadratic function relative to the x-axis How to reflect the quadratic function relative to the x-axis
Sketch the graph of each function using transformations. State the domain and range. Sketch the graph of each function using transformations. State the domain and range.
Discrete random variables- Probability Distribution Function Discrete random variables- Probability Distribution Function
Prove that each of the following real functions f has a discontinuity. For each function, ... Prove that each of the following real functions f has a discontinuity. For each function, ...
Structure and function of human teeth. Structure and function of human teeth.
Video: Factors that influence muscle tension - Sarcomere length and force, understretched and overstretched

For a complete list of videos, visit our video library