Question

What will be the total variable cost, given the equilibrium output equal to 10. the short run total
cost function is given by C=0.04q^3 -0.9q^2 +10q+5?
A.15
B.50
C.230
D.55​

Answer 1

total variable cost is 50

Answer 2

AnswerAnswer:

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.