« previous next »

Author Question: Given the total cost function TC = 100 + 40Q - 15Q2 + 5Q3, calculate the a. average fixed cost ... (Read 135 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?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

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?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Sine Function Gif Sine Function Gif
Typical Startup Cost Categories Typical Startup Cost Categories
How to calculate simple interest (Part 4; P = I/rt) How to calculate simple interest (Part 4; P = I/rt)
How B Vitamins Function as Coenzymes How B Vitamins Function as Coenzymes
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Calculus help: Find a cubic function f (x) = ax3 +bx2 +cx+d that has a local maximum value of 3 ... Calculus help: Find a cubic function f (x) = ax3 +bx2 +cx+d that has a local maximum value of 3 ...
Video: Structures that affect circulation - kidneys, blood volume and venous tone

For a complete list of videos, visit our video library