A firm has cost function C= 12-24Q +36Q. The firm is producing 6 units of output...
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A firm has cost function C= 12-24Q +36Q². The firm is producing 6 units of output Calculate values for these: a) total cost b) total fixed cost c) total variable cost d) average total cost e) average fixed cost 1) average variable cost g) marginal cost (Clearly label each answer and show all calculations that you do, or you will receive no credit for your answers.) A firm has cost function C= 12-24Q +36Q². The firm is producing 6 units of output Calculate values for these: a) total cost b) total fixed cost c) total variable cost d) average total cost e) average fixed cost 1) average variable cost g) marginal cost (Clearly label each answer and show all calculations that you do, or you will receive no credit for your answers.)
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Answer rating: 100% (QA)
Answer C 1224Q36Q2 Q6 Answer When Q6 Total CostTC 12246 36621164 Total Cost Total Fixed Cost Total V... View the full answer
Related Book For
Managerial Economics Foundations of Business Analysis and Strategy
ISBN: 978-0078021909
12th edition
Authors: Christopher Thomas, S. Charles Maurice
Posted Date:
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