Give me proper calculation with correct answer Note:-Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate. C(Q) = 80+Based on this information, determine the following:a. The fixed cost of producing 10 units of output.$ 80b. The variable cost of producing 10 units of output.$c. The total cost of producing 10 units of output.$20Q+25Q²+5Q³.d. The average fixed cost of producing 10 units of output.$8e. The average variable cost of producing 10 units of output.$f. The average total cost of producing 10 units of output.$g. The marginal cost when Q = 10.$1

Economics refers to the study of scarcity and its implications for the use of resources, production…

Answered: C(Q) = 80+ 20Q+25Q² +5Q³. Based on this…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Give me proper calculation with correct answer

Note:-

Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.

Answer completely and accurate answer.

Rest assured, you will receive an upvote if the answer is accurate.

C(Q) = 80+
Based on this information, determine the following:
a. The fixed cost of producing 10 units of output.
$ 80
b. The variable cost of producing 10 units of output.
$
c. The total cost of producing 10 units of output.
$
20Q+25Q²+5Q³.
d. The average fixed cost of producing 10 units of output.
$
8
e. The average variable cost of producing 10 units of output.
$
f. The average total cost of producing 10 units of output.
$
g. The marginal cost when Q = 10.
$1

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