Question #2002367: Other Economics Problems


Question: The cost function of a single-product is as follows:

\[C\left( Q \right)=50+25Q+30{{Q}^{2}}+5{{Q}^{3}}\]

a) What are fixed costs to produce 10 units of output (Robert..all outputs = 10

b) Variable costs to produce output

c) Total cost to product output

d) Average fixed costs to produce output

e) Average variable cost to produce output

f) Average total cost to produce output

g) Marginal cost of producing output

Solution: The solution consists of 121 words (2 pages)
Deliverables: Word Document

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