Question

If TC = 432 + 30Q + 3Q2, what level of Qgenerates the minimum average cost? Enter as a value.
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Answer #1

Answer: 12

Explanation: Different quantities are substituted to find the total cost and average cost. When the Q is 12, the average cost remains very less.

Quantity TC =432+30Q+3Q2 Tc/quantity
1 465 465
2 504 252
3 549 183
4 600 150
5 657 131.4
6 720 120
7 789 112.7143
8 864 108
9 945 105
10 1032 103.2
11 1125 102.2727
12 1224 102
13 1329 102.2308
14 1440 102.8571
15 1557 103.8
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