Question

Assume the following Total Cost Function: C = 7210 + 8Q – 2 Q2 + 2...

Assume the following Total Cost Function: C = 7210 + 8Q – 2 Q2 + 2 Q3

   •   What is the Fixed Cost equation?
   •   What are fixed costs when Q = 10 ?
   •   What is the Variable Cost equation?
   •   What are variable costs when Q = 10 ?
   •   What is the Average Total Cost equation?
   •   What are average Total Costs when Q = 10?
   •   What is the Average Variable Cost equation?
   •   What are Average Variable Costs when Q = 10?
   •   What is the Marginal Cost Equation?
   •   What are Marginal Costs when Q = 10?

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