What is the equation of marginal costs? at what level of, Ask an Expert

Economics

In the short-run, firms' fixed costs (FC) are $160 and their variable costs (VC) are $22q+ 0.1q2.

a. What is the equation of average variable costs?

b. What is the equation of average total costs?

c. What is the equation of marginal costs?

d. At what level of output are average total costs at their minimum?

e. At what level of output are average variable costs at their minimum?

f. What is the equation of this firm's short-run supply curve?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9442408

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