Derivation of avc and mc function company total cost, Business Economics

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Derivation of avc and mc function company total cost

Derivation of AVC and MC function

A company's total cost function is given by

TC= 100 + 3Q-0.1Q2 +0.4Q3

• Illustrate what is the company's fixed cost?

• Derive the average variable cost function.

• Derive the marginal cost function?

• Find the output which minimizes the AVC. (at minimum of AVC, MC=AVC)

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Business Economics: Derivation of avc and mc function company total cost

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Business Economics: Derivation of avc and mc function company total cost

Reference No:- TGS017129

Have a Question? (oR Write a Review)

Recent Questions Asked Business Economics

Q : Confidence interval for population mean score

Q : Find production functions exhibit decreasing

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Q : Effect on income from operations-absorption costing is used

Q : Derivation of avc and mc function company total cost

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Request for Solution File

Ask an Expert for Answer!!

Business Economics: Derivation of avc and mc function company total cost

Reference No:- TGS017129

Recent Questions Asked Business Economics

Q : Confidence interval for population mean score

Q : Find production functions exhibit decreasing

Q : Calculate the amount of water discharged

Q : Effect on income from operations-absorption costing is used

Q : Derivation of avc and mc function company total cost

Q : Confidence interval for population mean daily intake of milk

Q : Suppose a production function is given

Q : Discussion on income and substitution effect

Q : Determine the npv

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