Question #106349
Suppose TC = 480 + 10Q + 4Q^2. When Q = 10. What is Fixed Cost and Variable Cost?
1
Expert's answer
2020-03-26T09:31:56-0400

If TC=480+10Q+4Q2TC = 480 + 10Q + 4Q^2 , and Q = 10, then:

Fixed Cost FC = 480,

Variable Cost VC=10Q+4Q2=10×10+4×102=500.VC = 10Q + 4Q^2 = 10×10 + 4×10^2 = 500.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Place free inquiry
Calculate the price
Learn more about our help with Assignments: Economics

Comments

No comments. Be the first!
Our fields of expertise
Submit Your Assignment. We Can Do It.
LATEST TUTORIALS
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult. You can find this expert in "Assignmentexpert.com" with confidence. Exceptional experts! I appreciate your help. God bless you!
Canada #340153 on Dec 2023