64 665
Assignments Done
99,2%
Successfully Done
In September 2018

Answer to Question #60189 in Microeconomics for Max

Question #60189
Fixed Cost is 15 and variable cost is 2 per unit, find:
a) write the function for Total Cost (TC), Average Cost (AC) and Marginal Cost (MC)
b) determine the value for Q that minimum AC
c) prove that the answer in (b) AC=MC
Expert's answer

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions