Question #106395

A short-run average total cost or average cost curve is given by the

equation"

SAC (Q)= 12/Q+0.14Q

Derive expressions for the corresponding short-run total cost, short-run average variable

cost, and short-run average fixed cost.

equation"

SAC (Q)= 12/Q+0.14Q

Derive expressions for the corresponding short-run total cost, short-run average variable

cost, and short-run average fixed cost.

Expert's answer

If SAC (Q) = 12/Q + 0.14Q, then:

short-run average fixed cost is "SAFC = 12\/Q,"

short-run average variable cost is "SAVC = 0.14Q,"

short-run total cost is "STC = SAC*Q = 12 + 0.14Q^2."

Learn more about our help with Assignments: Microeconomics

## Comments

## Leave a comment