Question

roducing 100 units is $49 + 12. Suppose fixed costs are $500, and the total costs of producing 100 unit a. What are the variable costs of producing 100 units. b. Write out the total cost equation assuming variable costs are linear. Tu may sound hard, but it is just the equation for total costs as a function output: TC =? c. What is the marginal cost of the 50th unit of output? d. What is the average total cost of the 50th unit of output? e. What is the average variable cost of the 50th unit of output? 1. Graph the AVC, AFC, ATC, and the MC. Make sure you label everytime 13. Tuo

Answer 1

As per HOMEWORKLIB RULES first five subparts are answered below

Kindly ask rest of the questions in a separate post

A)

VC = TC - FC = 4000-500 = $3500

B)

TC = FC+VC

TC = 500 + 35Q

C)

MC = dTC/dQ = $35

D)

ATC = TC/Q = 35 + 500/Q = 35+(500/50) = $45

E)

AVC = TVC/Q = $35