Short Run Cost Function

Nonfiction, Social & Cultural Studies, Social Science, Statistics
Cover of the book Short Run Cost Function by Homework Help Classof1, Classof1
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Author: Homework Help Classof1 ISBN: 1230000148131
Publisher: Classof1 Publication: July 4, 2013
Imprint: Language: English
Author: Homework Help Classof1
ISBN: 1230000148131
Publisher: Classof1
Publication: July 4, 2013
Imprint:
Language: English
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The short-run cost function of a company is given by the equation TC=200+55q, where TC is the total cost and q is the total quantity of output, both measured in thousands.
(a) What is the company’s fixed
(b) If the company produced 100,000 units of goods, what is its average variable cost?
(c) What is its marginal cost per unit produced?
(d) What is its average fixed cost?

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The short-run cost function of a company is given by the equation TC=200+55q, where TC is the total cost and q is the total quantity of output, both measured in thousands.
(a) What is the company’s fixed
(b) If the company produced 100,000 units of goods, what is its average variable cost?
(c) What is its marginal cost per unit produced?
(d) What is its average fixed cost?

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