Business Studies, asked by sattar2178, 1 year ago

A firm's total cost function is given by the equation find optimum

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Answered by Anonymous

TVC = TC - TFC TVC = 5Q + 10Q 2 d. ... ATC = Q TC = Q 10Q 5Q 4000 2   f. ... Q 10Q 5Q 4000 2   = 5 + 20Q 4000 +5Q + 10 2 = 5Q + 20Q 2 4000 = 10Q 2 Q 2 = 400 Q = 20 ATC is minimized at 20 units of output.

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