You own a firm with a total cost function of: TC = 40 + 150, where Q is the number of output. As you increase the number of output, the average fixed costs and the marginal costs . A) Decreases, stays the same B) Increases, decreases C) Stays the same, decreases DI Decreases, increases

You own a firm with a total cost function of: TC = 40 + 150, where Q is the number of output. As you increase the number of output, the average fixed costs and the marginal costs . A) Decreases, stays the same B) Increases, decreases C) Stays the same, decreases DI Decreases, increases

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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You own a firm with a total cost function of: TC = 40 + 15Q, where Q is the number of output. As you
increase the number of output, the average fixed costs , and the marginal costs.
A) Decreases, stays the same
B) Increases, decreases
C) Stays the same, decreases
D) Decreases, increases

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