Question #67719

A is company has the variable cost function
Tvc=200q1 + 9q2 + 0.25 q3.
If the company fixed cost are equal to Rs 150 lakh.then find out
1.total cost function.
2.Marginal cost
3.Average variable cost function

Expert's answer

1. TC=200q^1+9q^2+0.25q^3+150

2. MC=200+18q+0.75q^2

3. AVC=200+9q+0.25^2

2. MC=200+18q+0.75q^2

3. AVC=200+9q+0.25^2

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