Solve for total fixed cost-total variable cost nd total cost

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Reference no: EM13224746

Suppose a firm has a short-run cost equation of C(q) = 0.1q3 - 3q2 + 60q + 1000, and short-run marginal cost equation of MC(q) = .3q2 - 6q + 60, if the firm produces 25 units of output:
a) Solve for total fixed cost, total variable cost and total cost.

Reference no: EM13224746

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