illustrate the relation between MC ,ATC,AVC,AFC. given a total cost function. TC(Q)=7Q+5Q-75 where Q represents output produced find the expression for VC,FC,AVC,AFC,ATC

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illustrate the relation between MC ,ATC,AVC,AFC. given a total cost function. TC(Q)=7Q+5Q-75 where Q represents output produced find the expression for VC,FC,AVC,AFC,ATC

Aman Kumar 24th Jan, 2020

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Answers (2)

casif0230 11th May, 2022

give a total cost function TC (Q) = 50Q2 + 10Q +75. Where Q represents the quantity of out put produced. find the expression of variable cost, fixed cost, AVC,AFC and ATC

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Sujatha Venkat 30th Jan, 2020

Hello Aman,

ATC=TC/Q

TC=FC+VC

ATC=AVC+AFC

MC= d(TC)/d Q.

By considering above ,

You can solve the question. Hope this is useful

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