Reference no: EM132469012

Problem 1: Given TC = 100 +60Q-12Q2+Q3 find

Problem 2: The equations of the TVC, AFC and MC functions

Problem 3: The level of output at which AVC and MC are minimum

Problem 4: Find the AVC and MC for the level of output at which the AVC curve is minimum

Problem 5: Identify the type of costs on each case payment for the office stationary interest cost of owner's capital machinery bought for 2million Frs in 2006 while its current market price is 15Million frs the salary of administrative personnel

Problem 6: Examine the factors which explain why the average cost of producing a commodity declines with an expansion in the scale of production

Problem 7: Visit any five small businesses within your community and examine the following

Problem 8: The different type of cost incurred for each business

Problem 9: The start-up cost for each business

Problem 10: Fixed and variable cost for each business

Problem 11: Implicit and explicit cost for each business

Problem 12: What are their differences and similarities in their cost structure