chernorahmadbarry chernorahmadbarry

04-05-2021
Mathematics

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Find the Find the marginal cost function, given the average cost function AC=100100Q+2arginal cost function, given the average cost function AC=100100Q+2

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shamza338811 shamza338811

04-05-2021

Answer:

Step-by-step explanation:

a) total fixed cost is 100(derived from total cost function). It is not depended on output.

b)AFC=TFC/Q.AFC=TFC/Q.

AFC(100)=100/100=1.AFC(100)=100/100=1.

AFC(300)= 100/300=1/3.AFC(300)=100/300=1/3

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