# Cost Function

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1. For the following cost function, find AC

TC = 20,000 + 10 Q

2. For the following cost function, find AVC

TC = 20,000 + 10 Q

https://brainmass.com/economics/macroeconomics/cost-function-problem-129786

#### Solution Preview

1. For the following cost function, find AC

TC = 20,000 + 10 Q

The AC will be reduced as the total output increased. The more the product is produced, the lower the AC will be.

2. For the following cost function, find AVC

TC = 20,000 + 10 Q

The AVC for this cost function is equal ...

#### Solution Summary

This solution is comprised of a detailed explanation and calculation to find AC and AVC for the given cost function.

$2.49