A manager estimated that the cost functions of their firm as: C(q) = 50+ 20q+5Q, MC(q)...
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A manager estimated that the cost functions of their firm as: C(q) = 50+ 20q+5Q², MC(q) = 20 + 10q Based on this information, determine: a. the FC of producing 5 units of output b. the VC of producing 5 units of output c. the TC of producing 5 units of output d. AFC of producing 5 units of output e. AVC of producing 5 units of output f. ATC of producing 5 units of output g. MC when q = 5 A manager estimated that the cost functions of their firm as: C(q) = 50+ 20q+5Q², MC(q) = 20 + 10q Based on this information, determine: a. the FC of producing 5 units of output b. the VC of producing 5 units of output c. the TC of producing 5 units of output d. AFC of producing 5 units of output e. AVC of producing 5 units of output f. ATC of producing 5 units of output g. MC when q = 5
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