Determine equations for the average total costs

Assignment Help Macroeconomics

Reference no: EM13182654

A firm has the following cost functions:

TC = 1200 + 2Q - 0.2Q2 + 0.01Q3 and MC = 2 - 0.4Q + 0.03Q2

A. Determine equations for the following:

1) total variable costs

2) average fixed costs

3) average variable costs

4) average total costs

Reference no: EM13182654

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