Question: The following is a cost function for Apple - iPad with Retina display Wi - Fi - 1 6 GB Black. This product can sell

The following is a cost function for Apple- iPad with Retina display Wi-
Fi -16GB Black. This product can sell for about $399.
TC =100,000+1,500Q +0.1Q2
Q =300(All functions must be simplified.)
a. What is the Total cost TC?= $559,000
b. TVC = $459,000
c. What is the Average Total Cost (ATC) at Q=300?= $1863
d. What is the total fixed cost?
e. What is the Average Variable Cost (AVC) at Q=300?
AVC

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