Answer to Question #297882 in Economics of Enterprise for Syed

Question

TC= 103+15q-6q^2+q^3

Find VC , MC, AVC

Value of FC + VC when out put (q )= 0.5

Answer 1

VC = $15q-6{q^2}+{q^3}$

MC = $\frac{dMC}{dq} =15-12q+3{q^2}$

AVC = $\frac{VC}{q}$

AVC = $\frac{15q-6{q^2}+{q^3}}{q}$

AVC = $15-6q+{q^2}$

Value of FC + VC when out put (q )= 0.5

FC = 103

VC = $15q-6{q^2}+{q^3}$

VC = $15(0.5)-6({0.5^2})+{0.5^3}$

VC = 6.125

FC + VC = 103+6.125

Value = 109.125