Answer to Question #60147 in Microeconomics for Naizhatul

Question #60147

Given fix cost is RM 15 and variable cost is RM 2 per unit.
1. State the function of TC, AC and MC
2. State the quantity if AC is minimum
3. Prove it if AC = MC

Expert's answer

Download Answer

Learn more about our help with Assignments: Microeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Given demand function; P=570-0.3Q a) Find total revenue b) Revenue function c) Marginal revenue a
2. Hi there, I am a second year university economics students. Generally, I am quite good with economic
3. You are asked to solve a public good problem with 2 agents. Agent i has utility function a, log (g1
4. The Nottinghamshire Research Observatory in England calculated that students who attend Nottingham T
5. You have been hired as an economic consultant to assess the potential of profitably entering the mar
6. Justo & Company use third-degree price discrimination in selling its product. The demand equati
7. Justo & Company use third-degree price discrimination in selling its product. The demand equati

Who Can Help Me with My Assignment

There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
How to Finish Assignments When You Can’t

Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
How to Effectively Study for a Math Test

Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…