Let F be the fixed cost of production, let VC be the variable cost of production,...

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Let F be the fixed cost of production, let VC be the variable cost of production, C be the total cost, MC be the marginal cos

business economics

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Answer 1

Answer #1

When Q = 2, FC = 250

When Q = 3, AC = 430 / 3 = 143.33

When Q = 4, C = 250 +200 = 450

When Q = 5, AVC = 240/5 = 48

When Q = 6, VC = 550 - 250 = 300

When Q = 7, MC = 630 - 550 = 80

When Q = 8, AFC = 250 / 8 = 31.25

When Q = 10, C = 740 + 250 = 990

When Q = 10, AC = 990 / 10 = 99

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Answer 2

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