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The total costs (TC) function for a company is: TC = 28,000 + 95Q – 0.025Q2; given that Q = 10.?

Calculate:

(i) TVC;

(ii) AFC

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  • Anonymous
    10 years ago
    Favorite Answer

    1. TC=28,000+950-2.5=28,947.5.

    TVC=TC-TFC=28,947.5-28,000=947.5

    2. AFC=TFC/Q=28,000/10=2,800

    Source(s): Anjaree
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