(b) Derive the ATC equation, AVC equation, AFC equation and MC equation from the following total...

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(b) Derive the ATC equation, AVC equation, AFC equation and MC equation from the following total cost (TC) equations, where q is the quantity of output. i) TC = 500 + 10q+5q² ii) TC = 50q iii) TC = 10q+4q² iv) TC = 100 (b) Derive the ATC equation, AVC equation, AFC equation and MC equation from the following total cost (TC) equations, where q is the quantity of output. i) TC = 500 + 10q+5q² ii) TC = 50q iii) TC = 10q+4q² iv) TC = 100

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i To derive the ATC equation we divide the total cost TC by the quantity of output q ATC TCq 500 10q ... View the full answer