illustrate the relation between MC ,ATC,AVC,AFC. given a total cost function. TC(Q)=7Q+5Q-75 where Q represents output produced find the expression for VC,FC,AVC,AFC,ATC
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give a total cost function TC (Q) = 50Q2 + 10Q +75. Where Q represents the quantity of out put produced. find the expression of variable cost, fixed cost, AVC,AFC and ATC
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30th Jan, 2020
Hello Aman,
ATC=TC/Q
TC=FC+VC
ATC=AVC+AFC
MC= d(TC)/d Q.
By considering above ,
You can solve the question. Hope this is useful
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