A find the firms fixed costs fc and variable costs vc b


Melody Music Store has a total cost function of TC = 500 + 10Q + 5Q^2

(a) Find the firm's fixed costs (FC) and variable costs (VC).

(b) Find the firm's average fixed cost (AFC), average variable cost (AVC), and average total cost (ATC

(c) Use calculus to find the output level that minimizes average total cost

(d) Find the levels of output where the firm will face economies of scale. Find the levels of output where the firm will face diseconomies of scale

Solution Preview :

Prepared by a verified Expert
Business Management: A find the firms fixed costs fc and variable costs vc b
Reference No:- TGS01660142

Now Priced at $20 (50% Discount)

Recommended (90%)

Rated (4.3/5)