Answer to Question #106349 in Economics for Jack Harris

Question #106349

Suppose TC = 480 + 10Q + 4Q^2. When Q = 10. What is Fixed Cost and Variable Cost?

Expert's answer

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

Fixed Cost FC = 480,

Variable Cost "VC = 10Q + 4Q^2 = 10\u00d710 + 4\u00d710^2 = 500."

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