An economist estimated that the cost function of a single-product firm is:                                                   C(Q) = 100 + 20Q + 15Q2 + 10Q3                         [NOTE à MC(Q) = 20+30Q+30Q2]               Based on this information, determine: The fixed cost of producing 10 units of output The variable cost of producing 10 units of output The total cost of producing 10 units of output The average fixed cost of producing 10 units of output The average variable cost of producing 10 units of output The average total cost of producing 10 units of output The marginal cost when Q = 10

Question 6: For each of the total cost functions, write the expressions for the average cost, average fixed cost, average variable cost, and marginal cost: 1. TC (Q) = 5Q 2. TC (Q) = 120 +6Q 3. TC (Q) = 6Q² 4. TC (Q) = 140 +5Q²

If average variable cost is $20 and total fixed cost is $500 at 10 units of output, then average total cost at this output level is:

Given the total cost equation: TC = 144 +2Q+Q² what is the average cost when the firm produces at the level of Q that yields the minimum average cost?

Note: Enter your answer withtout the dollar sign ($) For the cost function TC= 520 + 10Q + 5Q2, determine the average fixed cost of producing 5 units of output.

Consider a company that has fixed costs of $6,700 and a marginal cost of $26 per item.   What is the company's average cost function?   How many items must the company produce to have an average cost of $36.31 per item?

The following equation represents the cost structure of a firm: C= 10 + 3q. The average cost of production is

The long-run cost function for a firm in the personal computer business is: C(q) = 8q² + 7200, for q> 0. What is the average cost function AC (g)? AC (q) = 16q AC (q) = 8q+ 7200 9 AC (q) = 16q+ AC (g) 16q+7200 AC(q) = 8q+7200 = 7200 9 The long-run cost function for a firm in the personal computer business is: C(q) = 8q² + 7200. for q> 0. What is the marginal cost function MC (q)? MC(q) = 8q+7200 MC(q) = 8q MC (g) MC (q) = 16q MC (q) = 16q+ 16q+72000 7200 The long-run cost function for a firm in the personal computer business is: C(q) = 8q²+7200, for q> 0. At what level of output does average cost equal marginal cost? The level of output at which average cost and marginal cost are equal is type your answer... -01

An economist estimated that the cost function of a single-product firm isC(Q) = 100 + 20Q + 15 Q^2 + 10 Q^3Based on this information, determine:b. The variable cost of producing 10 units of output.

At an output level of 100 units a firm has average total costs of $80 and average variable costs of $50. Its total fixed costs are: