SOLUTION: The fixed costs of producing a good are 9
and the variable costs are 4 + 3Q per unit.
Find expressions for TC & AC. Evaluate TC & AC
when Q = 5 and Q= 10. Sketch the graph of A
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Question 1071329: The fixed costs of producing a good are 9
and the variable costs are 4 + 3Q per unit.
Find expressions for TC & AC. Evaluate TC & AC
when Q = 5 and Q= 10. Sketch the graph of AC as
a function of Q.
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
When Q = 5
4+3(5)+9 = 28 is the total cost.
28/5 = 5.60 This is the average cost when Q = 5. You do the Q =10, follow my example.
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