TC = 100 + 40Q - 15Q(squared) + 5Q (to the third power), calculate the
a. average fixed cost function (AFC)
b. average variable cost function (AVC)
c. marginal cost function (MC)
Draw a diagram with all three curves plotted on it.© BrainMass Inc. brainmass.com December 15, 2022, 5:25 pm ad1c9bdddf
Please see the attached files.
TC = 100 + 40Q - 15Q2 + 5Q3, calculate the
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 document. The three curves are plotted using Excel.