C(Q) = 100 + 20Q + 15Q2 + 10Q3 Based on the cost function, determine: The fixed cost of producing 10 units of outputs The variable cost of producing 10 unit of outputs The total cost of producing 10 unit of outputs
C(Q) = 100 + 20Q + 15Q2 + 10Q3 Based on the cost function, determine: The fixed cost of producing 10 units of outputs The variable cost of producing 10 unit of outputs The total cost of producing 10 unit of outputs
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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Question
C(Q) = 100 + 20Q + 15Q2 + 10Q3
Based on the cost function, determine:
- The fixed cost of producing 10 units of outputs
- The variable cost of producing 10 unit of outputs
- The total cost of producing 10 unit of outputs
- The average fixed cost of producing 10 unit of outputs
- The
average variable cost of producing 10 unit of outputs - The marginal cost when Q= 10
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