4.)the cost function for a firm is given by TC = 4,000 + 0.1Q+ .01Q*Q. marginal

Question

4.)the cost function for a firm is given by TC = 4,000 + 0.1Q+ .01Q*Q. marginal costs are given by MC = 0.1 + 0.02Q. the firms fixed cost (FC) is ??

5) the cost function for a firm is given by TC = 4,000 + 0.1Q+ .01Q^2. marginal costs are given by MC = 0.1 + 0.02Q. the firms total variable cost when q=100 is???

6) the cost function for a firm is given by TC = 4,000 + 0.1Q+ .01Q^2. marginal costs are given by MC = 0.1 + 0.02Q. the firms average variable cost (AVC) when output is 200 is??

7) the cost function for a firm is given by TC = 4,000 + 0.1Q+ .01Q2. marginal costs are given by MC = 0.1 + 0.02Q. What is the marginal cost of produce the 100th unit of output???

Clear short fast answers please, deadline soon. Thanks!

Explanation / Answer

4) FC = 4,000

5) TVC = 0.1Q + 0.01Q2

    When Q = 100

    TVC = 0.1(100) + 0.01(100)2

            = 10 + 100

            = 110

6) AVC = TVC / Q

             = 0.1 + 0.01Q

    When Q = 200

    AVC = 0.1 + 0.01(200)

            = 2.1

7) MC = 0.1 + 0.02Q

When Q = 100

MC = 0.1 + 0.02(100)

       = 2.1

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