Otto’s brother, Dent Carr, is in the auto repair business. Dent recently had little else to do and decided to calculate his cost conditions. He found that the total cost of repairing s cars is T C (s) = 2s2 + 10. Please complete the following:
Dent’s Total Variable Costs:
Total Fixed Costs:
Average Variable Costs:
Average Fixed Costs:
Average Total Costs:
Marginal Costs: