Question: If the short-run total cost function for a firm is TC = 3,000+100Q , calculate the average total cost ( ATC ) when the output

If the short-run total cost function for a firm is

TC = 3,000+100Q,

calculate

  1. the average total cost (ATC) when the output Q=10,
  2. the marginal cost (MC) for the 10thunit of output, and
  3. the fixed cost in the short run.

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