Economy, asked by aval4indupmanpra, 1 year ago

FROM A GIVEN COST FUNCTIONTC=60+0.5q+0.3q2FIND OUT FIXED COST , AVERAGE VARIABLE COST AND MARGINAL COST

Answers

Answered by kvnmurty
1
TC(q) = 3 q² + 7 q + 12
Average cost = TC(q) / q = 3 q + 7 + 12/q

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