Find average fixed cost of producing 10 units of output

Reference no: EM13239179

An economist estimated that the cost function of a single-product firm is:

C(Q)= 50 +25Q+30Q SQUARED+5Q CUBED

Based on this information, determine:

a.) The fixed cost of producing 10 units of output.
b.) The variable cost of producing 10 units of output.
c.) The total cost of producing 10 units of output.
d.) The average fixed cost of producing 10 units of output.
e.) The average variable cost of producing 10 units of output.
f.) The average total cost of producing 10 units of output.
g.) The marginal cost of producing 10 units of output.

Reference no: EM13239179

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