Answer to Question #86699 in Microeconomics for angiebrooks

Question #86699
describe the cost function of Bamburi cement limted given by total cost (TC)=4q2+1b. find the variable cost
1
Expert's answer
2019-03-21T16:10:21-0400

The total cost function is increasing with the increase in quantity produced, because it is a parabolic function.

VC = TC - FC = 4q2

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