Solution-Cost function for a specialty ceramic coating

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Show your work. Assume the cost function for a specialty ceramic coating company is TC ($) = 10,000 + 4Q + 0.1Q²

a) Calculate fixed costs for 400 units of output.

b) Calculate variable costs for 50 units of output.

c) Calculate total costs for 50 units of output.

d) Calculate average total cost for 50 units of output.

e) Calculate marginal cost for unit 51.

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Cost function for a specialty ceramic coating company : Show your work. Assume the cost function for a specialty ceramic coating company is TC ($) = 10,000 + 4Q + 0.1Q2

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