The total cost for making umbrellas for Ella, Inc. is given by the equation TC= q2+1/(3+q)+3. What is their fixed cost?
a.4
b.3.33
c.4.25
d.3
Answer
fixed cost is the total cost when q=0
TC=q^2+1/(3+q)+3
=0^2+1/(3+0)+3
=1/3+3
=0.33+3
=3.33
the fixed costs are $3.33
option b
The total cost for making umbrellas for Ella, Inc. is given by the equation TC= q2+1/(3+q)+3....
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