Find average fixed cost of producing 10 units of output

Assignment Help Econometrics

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

Questions Cloud

Explain the correct concentration in the reaction solution : For restriction digestion, how would you dilute the 10X buffer so that it was at the correct concentration (1X) in the reaction solution

What economic arguments would have presented to doj : In January 2007, XM enjoyed about 58% of satellite radio subscribers, and Sirius had the remaining 42%. Both firms were suffering losses, despite their dominance in the satellite radio market. In 2008, the DOJ decided not to challenge a merge

Find the pebbles speed and acceleration : Your roommate is working on his bicycle and has the bike upside down. He spins the 66.0cm -diameter wheel, Find the pebbles speed and acceleration

Explain the solution diluted in half by water : The solution diluted in half by water (1 mL of X and 1 mL of H2O) has an absorbance at 425 nm of 0.8 and a molar extinction coefficient of 1.5 ? 103 M-1 cm-1. What is the molar concentration of the original solution of X? (1 cm cuvette)

Find average fixed cost of producing 10 units of output : 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.

Explain the formula of tris is edta''s fw : how would you make a 500 ml solution that is 10mM Tris, 2mM EDTA. The formula of Tris is 121.1, EDTA's FW is 187

Determine the cars impact speed : A stunt man drives a car at a speed of 20m/s off a 30-m-high cliff, How far from the base of the cliff does the car land and What is the car's impact speed

What is the average total cost for the 10th unit of output : What is the average total cost for the 10th unit of output 4. Why does the marginal cost of producing the product fall and then rise (What is the relationship between the cost curves and the production function)

Explain hcl at second equivalence point : What is the pH of 50 mL of .122M sodium glycinate titrated with .100M HCL at second equivalence point

User Account

All Pages