Otto’s brother, Dent Carr, is in the auto repair business. Dent recently had little else to do and decided to calculate his cost conditions. He found that the total cost of repairing s cars is TC(s) = 2s2 +10. But Dent’s attention was diverted to other things . . . and that’s where you come in. Please complete the following:
Dent’s Total Variable Costs: ______.
Total Fixed Costs: ______.
Average Variable Costs: ______.
Average Fixed Costs: ______.
Average Total Costs: ______.
Marginal Costs: ______.