5. If total cost = 10+Q”, find out AC, AVC, TFC, AFC when Q= 5 how to put
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Answer:
total cost = 10+5 ( because Q=5)
Explanation:
AC = TC/Q = 3
TFC = 15 (because it is fixed)
TVC = TFC - TC = 0
AVC = TVC/Q = 0
AFC = TFC/Q = 3
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