Question

What will be the total variable cost,given the equilibrium output equal to 10,if the short run total cost function is given by, C=0.04q^3 - 0.9q^2+10q+5?​

Answer 1

Answer:

. Assume in a market individual firm supply function of a commodity X is given by Sx=-10 + 4Px and individual

demand function is Dx =6 -2Px.

There are 10 suppliers of commodity X with identical supply function and there are 100 buyers of the commodity X

with identical demand function.

Find market equilibrium price and quantity demanded.

Explanation:

Answer 2

Answer:
total variable cost is 50.
Explanation:
in that cost function, total fixed cost is 5 then the remaining is total variable cost if you apply equilibrium output 10 in that equation removing 5 you get total variable cost : C=0.04(10)^3-0.9(10)^2+10(10)=50.