Cost function, average fixed cost, variable cost function

2. You hire an intern from Southern University to help you analyze your production process, and she uses your historical cost records to estimate that your total cost function is C(Q) = 100 + 2Q + 3Q2. Using this equation, answer the following and show your logic and calculations.
a. How much is your firm's profit or loss at an output of zero? Explain.
b. With the above cost equation, average total costs (ATC), first decline as output increases, and then begin to rise. Assuming output occurs in whole units, i.e. 1, 2,3,... at what output does the low point of ATC occur and what is the ATC at that output? Show your calculations.
c. What is the variable cost of an output of 50?
d. What are Average Fixed Costs (AFC) at a production level of 10?

... f. The average total cost of producing 10 units of ... Substitute 11 (as Q) to the cost function 3. Get ... Managerial economics cost functions for a single product is ...

... f) The average total cost of producing 10 ... solution gives calculations for fixed cost, variable cost, and total ... economist estimated that the cost function of a ...

... 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 ...

... Total Cost per day - Fixed Cost per day ... x increases and hence the average cost function tends to 180 ... Business calculus and average cost functions are examined. ...

Production cost functions. ... short-run cost function for vacuum cleaners using an average variable cost function of the ... Total fixed cost each month is $180,000. ...

... is comprised of a detailed explanation to analyzing learning curves, cost and production function, and incremental costs... 8.1 Cost and Production Functions. ...

...Functions) in the paper include some examples: reference to calculate total fixed cost (TFC), total variable cost (TVC), total cost (TC), average fixed cost ( ...

... So average total cost is minimized when 20 units are ...cost functions will give you $405 for both functions. ... This job defines the cost function of a firm given ...

... This solution shows how to determine the average fixed cost function, the average variable cost function and the marginal cost function in an attached Word ...