Average variable cost function

Assignment Help Microeconomics

Reference no: EM1370359

A firm has determined that its variable costs are given by the following relationship:

VC = .05Q3 - 5Q2 + 500Q

where Q is the quantity of output produced. Determine the average variable cost function.

a. AVC = .15Q2 - 10Q + 500

b. AVC = .15Q4 - 10Q3 + 500Q2

c. AVC = .05Q2 - 5Q + 500

d. AVC = .05Q4 - 5Q3 + 500Q

Reference no: EM1370359

Questions Cloud

Use the nadler-tushman congruence model : Evaluate the quality of the fit between outputs and how do the various outputs affect each other

Describe how and why fraud invalidates a contract : Describe how and why fraud invalidates a contract and Include in your treatment of this subject examples of undue influence and duress that can arise in the business context

Write java program which declares the array alpha : Write the Java program which declares the array alpha of 50 elements. Initialize array so that first 25 elements are equal to square of the index variable and the last 25 elements

Manipulate operations to the extent of maximizing profits : Handheld Corporation is a moderately successful company. In 2006, they had a profitability of twenty-two percent.

Average variable cost function : A firm has determined that its variable costs are given by the following relationship:

Question of present value : What is the cost of using this machinery for one year? How would your answer be different if the machinery had not yet been purchased?

Explain have you ever been on a cross-functional team : Explain Have you ever been on a cross-functional team in which the members were at odds with each other

Write program to open file for reading : Write the program to open file for reading which has twenty (20) rows and in each row there are three (3) columns. After reading each row call user-defined function to display each row.

Explain important about the value of making sacrifices : Explain What is so important about the value of making sacrifices and What are the benefits of making sacrifices?

User Account

All Pages