Question: Q.4 (a) The Cost function for Managerial Enterprises is given by C(Q)=20+Q%. What are the marginal cost, average fixed cost, average variable cost, and average

Q.4 (a) The Cost function for Managerial Enterprises is given by

Q.4 (a) The Cost function for Managerial Enterprises is given by C(Q)=20+Q%. What are the marginal cost, average fixed cost, average variable cost, and average total cost of producing 10 units of outputs? (6) Complete the Marginal Cost table below: AQ VC ATC MC Q 0 76 248 492 784 1100 1416 1708 1952 2124 2200 VC 0 400 800 1200 1600 2000 2400 2800 3200 3600 4000 TC 2000 2400 2800 3200 3600 4000 4400 4800 5200 5600 6000

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