Question

# given that tc function in the short run is tc=100+50q-12q^2+q^3 were tc is the total cost and q is the level of

output, determine the total fixed cost function, the total variable cost function, average variable cost function, marginal cost function. calculate total cost, average variable cost and marginal cost when the firm produces 10 units of out put. calculate the level of out put at which average variable cost is minimum.

Microeconomics