1.If total costs are given by TC(Q) =17.Q+0.004Q2 then what is the total fixed cost?
Answer must be with 0.01 of the true value to count as correct
2.If total costs are given by TC(Q) =17.Q+0.004Q2 then what is the average cost if Q=50?
Answer must be with 0.02 of the true value to count as correct