Question

Assume the short run variable cost function for Japanese beer is VCequals0.55q Superscript 0.67. If the fixed cost​ (F) is ​$1800 and the firm produces 500 ​units, determine the total cost of production​ (C), the variable cost of production​ (VC), the marginal cost of production​ (MC), the average fixed cost of production​ (AFC), and the average variable cost of production​ (AVC). What happens to these costs if the firm increases its output to 550​? Assuming the firm produces 500 ​units, the variable cost of production​ (VC) is

Answer 1

fc = 1800 丁乙二12oo+o.SS o-3685-9033 o 33 2. STつ。