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Give the formulas for and plot average fixed cost, AFC, marginal cost, MC, average variable cost, AVC, and average cost, AC, if the cost function is: 20.00 19.00 19.00- 17.00 16.00- 15.00- 14.00 n 13.00- * 12.00 5 11.00 10.00- 9.00 8.00- 7.00- 6.00- 5.00- 4.00- 3.00- 2.00 1.00 0.00 C= 12 + 8g - 4g +g. Marginal cost is: MC- 8- 8q + 3q Average fixed cost is: 12 AFC= Average variable cost: AVC = 8- 4q + 9? Average cost is: Quantity, q. Units per day AC = If you are viewing this on a test or quiz, you must click the graph to anable the drawing fools.

Give the formulas for and plot average fixed cost, AFC, marginal cost, MC, average variable cost, AVC, and average cost, AC, if the cost function is: 20.00 19.00 19.00- 17.00 16.00- 15.00- 14.00 n 13.00- * 12.00 5 11.00 10.00- 9.00 8.00- 7.00- 6.00- 5.00- 4.00- 3.00- 2.00 1.00 0.00 C= 12 + 8g - 4g +g. Marginal cost is: MC- 8- 8q + 3q Average fixed cost is: 12 AFC= Average variable cost: AVC = 8- 4q + 9? Average cost is: Quantity, q. Units per day AC = If you are viewing this on a test or quiz, you must click the graph to anable the drawing fools.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Give the formulas for and plot average fixed cost, AFC, marginal cost, MC, average variable cost, AVC, and average cost, AC, if the cost function is: 20.00 19.00 18.00 17.00 18.00 15.00- 14.00 n 13.00- * 12.00 5 11.00 10.00 C= 12 + 8q - 4g? + q. Marginal cost is: MC = 8- Bq + 3q Average fixed cost is: 9.00- 8.00- 12 AFC= 7.00- 6.00- 5.00- 4.00- Average variable cost: 3.00- AVC - 8-4q +g? 2.00 1.00 0.00 Average cost is: Quantity, q. Units per day AC =| If you ave viewing this on a test or quiz, you must click the graph to anable the drawing tools.
Transcribed Image Text:Give the formulas for and plot average fixed cost, AFC, marginal cost, MC, average variable cost, AVC, and average cost, AC, if the cost function is: 20.00 19.00 18.00 17.00 18.00 15.00- 14.00 n 13.00- * 12.00 5 11.00 10.00 C= 12 + 8q - 4g? + q. Marginal cost is: MC = 8- Bq + 3q Average fixed cost is: 9.00- 8.00- 12 AFC= 7.00- 6.00- 5.00- 4.00- Average variable cost: 3.00- AVC - 8-4q +g? 2.00 1.00 0.00 Average cost is: Quantity, q. Units per day AC =| If you ave viewing this on a test or quiz, you must click the graph to anable the drawing tools.
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