a) The fixed cost (FC) of producing 10 units of output is $60 since the the amount Q produced has no effect on cost. It is the constant term (the first term on the right hand side of the equation).

b) The variable cost of ...

Solution Summary

This solution gives calculations for fixed cost, variable cost, and total cost.

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... you with step by step calculation for how to find the average fixed cost, average variable cost, average total cost & marginal cost given the cost function C(Q ...