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) = 6Q2² 4. TC (Q) = 140 +5Q²

The weekly marginal cost of producing x pairs of tennis shoes is given by the following​ function, where​ C(x) is cost in dollars.   C′(x)=15+500x+1   If the fixed costs are ​$4,000 per​ week, find the cost function. What is the average cost per pair of shoes if​ 1,000 pairs of shoes are produced each​ week?

Assume the following total cost function: Total Cost $75 1 105 128 What is the average fixed cost of producing 2 units? What is the marginal cost of producing 2 units?

Introduction to Calculus in Economics: Calculus is a powerful tool used in economics. One of the initial applications areas is the study of a firm, a topic in microeconomics. An important function is the cost function function C (z), the cost of producing z items (of whatever they are selling). This question deals with just the cost function C (z). Problem Set question: The cost, in dollars, of producing z units of a certain item is given by C (z) = 5z – 8/I – 3. Find the production level that minimizes the average cost per unit. The number of units that minimizes the average cost is Number