A firm has a total cost curve of TC = 15q² +8q+45. What is the output...

Question

Question

A firm has a total cost curve of TC = 15q² +8q+45. What is the output level that minimizes the firms average variable cost?

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

+8q+45 ТС : 15 = 15q²+ Variable cost = 1S q² +8q Average van able cust = TI vaijable cust = 15qt8 min Aut d AVC=0 वर sinu, th

Add a comment

Answer 2

Similar Homework Help Questions

1. A firm has a total cost function TC(y) 10y 5y+ 40. a) What is the...

1. A firm has a total cost function TC(y) 10y 5y+ 40. a) What is the firm's marginal cost of producing 100 units of output? b) What is the average variable cost of producing 100 units of output? c) At what level of output is average total cost at a minimum?
A firm has total cost of TC(y)=y²+1 and marginal cost of MC(y)=2y. At what level of...

A firm has total cost of TC(y)=y²+1 and marginal cost of MC(y)=2y. At what level of output does the firm's average total cost achieve its minimum?
Q: Suppose a firm's total cost function is TC = 16 + 5Q + 4Q2 ....

Q: Suppose a firm's total cost function is TC = 16 + 5Q + 4Q2 . What is the output level that minimizes average total cost?

suppose a firm's total cost of production (TC) is tc=2Q^2 mc=4Q Suppose a firm's total cost...

suppose a firm's total cost of production (TC) is tc=2Q^2 mc=4Q Suppose a firm's total cost of production (TC) is TC = 20 MC = 40 What do the firm's average total cost curve, average variable cost curve, and marginal cost curve look like? Draw the following curves from 0 to 5 units of output. 1.) Using the line drawing tool.graph the firm's average total cost curve and label it ATC 2.) Using the line drawing tool, graph the firm's...
Suppose a fim's total cost of production (TC) is TC = 2.202 MC = 4.40 What...

Suppose a fim's total cost of production (TC) is TC = 2.202 MC = 4.40 What do the firm's average total cost curve, average variable cost curve, and marginal cost curve look like? Draw the following curves from 0 to 5 units of output. Cost (dollars per unit) 1.) Using the line drawing tool, graph the firm's average total cost curve and label it ATC'. 2.) Using the line drawing tool, graph the firm's average variable cost curve and label...
1) A perfectly competitive firm faces the following Total revenue, Total cost and Marginal cost functions:...

1) A perfectly competitive firm faces the following Total revenue, Total cost and Marginal cost functions: TR = 10Q TC = 2 + 2Q + Q2 MC = 2 + 2Q At the level of output maximizing profit , the above firm's level of economic profit is A) $0 B) $4 C) $6 D) $8 *Additional information after I did the math: The price this firm charges for its product is $10, the level of output maximizing profit is 4...

Suppose the firm's total cost and marginal cost functions are given by TC = 54 +...

Suppose the firm's total cost and marginal cost functions are given by TC = 54 + Q + 2Q3 and MC = 1 + 4Q2, respectively. What is the output level that minimizes average total cost? 2 3 6 8
Suppose the firm's total cost and marginal cost functions are given by TC = 64 +...

Suppose the firm's total cost and marginal cost functions are given by TC = 64 + Q +4Q3 and MC = 1+12Q2, respectively. What is the output level that minimizes average total cost? 2 3 6 00
A firm has total cost of TC(y)=y²+1 and marginal cost of MC(y)=2y. What is the firm's...

A firm has total cost of TC(y)=y²+1 and marginal cost of MC(y)=2y. What is the firm's average variable cost?

A firm has the following total costs, where Q is output and TC is total cost:...

A firm has the following total costs, where Q is output and TC is total cost: Q TC 0 $ 100 1 110 2 130 3 160 4 200 5 250 6 310 7 380 8 460 9 550 10 650 11 760 Say the firm is in a perfectly competitive market. If the current market (equilibrium) price is $ 70, at what output level will the firm as a profit maximizer produce at? Say the market price rises to...

A firm has a total cost curve of TC = 15q² +8q+45. What is the output...

Homework Answers

Add Answer to:
A firm has a total cost curve of TC = 15q² +8q+45. What is the output...

Post as a guest

Earn Coins

1. A firm has a total cost function TC(y) 10y 5y+ 40. a) What is the...

A firm has total cost of TC(y)=y²+1 and marginal cost of MC(y)=2y. At what level of...

Q: Suppose a firm's total cost function is TC = 16 + 5Q + 4Q2 ....

suppose a firm's total cost of production (TC) is tc=2Q^2 mc=4Q Suppose a firm's total cost...

Suppose a fim's total cost of production (TC) is TC = 2.202 MC = 4.40 What...

1) A perfectly competitive firm faces the following Total revenue, Total cost and Marginal cost functions:...

Suppose the firm's total cost and marginal cost functions are given by TC = 54 +...

Suppose the firm's total cost and marginal cost functions are given by TC = 64 +...

A firm has total cost of TC(y)=y²+1 and marginal cost of MC(y)=2y. What is the firm's...

A firm has the following total costs, where Q is output and TC is total cost:...

A firm has a total cost curve of TC = 15q² +8q+45. What is the output...

Homework Answers

Add Answer to: A firm has a total cost curve of TC = 15q² +8q+45. What is the output...

Post as a guest

Earn Coins

Add Answer to:
A firm has a total cost curve of TC = 15q² +8q+45. What is the output...