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

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

1 Answers · Social Science · 24/11/2010

2. ### Why isn't the formula for afc (average fixed cost) working for me?!!?!?

What's wrong with it? Average fixed cost =100/8=12.5. Only your calculator is out of battery.

2 Answers · Social Science · 10/11/2010

3. ### graph the following curve on one set of axis? AFC , AVC, ATC, MC?

Take a paper or PC program, put function and range, and you will get results.

1 Answers · Social Science · 14/05/2008

4. ### Under what conditions can a monopoly provide lower AFC, ATC and Price than a perfectly competitive firm?

Usually when the industry requires high level of fixed investment (such as railroads, power generation, water supply). Its what you call a natural monopoly - where its better for one single firm, with one single network or infrastructure. For instance, it would be...

2 Answers · Social Science · 03/05/2008

5. ### Macroeconomics HW Help?

AFC = 2, 1, 0.67, 0.5 AVC = 0.4, 0.6, 1, 1.55 AC = 2.4, 1.6, 1.67,2.05 MC = 0.4, 0.8,1.8,3.2 MR = you need pricing info.

1 Answers · Social Science · 05/12/2013

6. ### Why is is that the Marginal Cost curve always intersects the AVC and AFC at the bottom?

It intersects the AVC and ATC at the bottom. Because of economies of scale and eventually diseconomies of scale, marginal costs fall as productivity increases. When productivity is at its maximum point marginal...

3 Answers · Social Science · 04/09/2009

7. ### Microeconomics help!?

AFC and ATC will shift upward.Because ATC=AFC+AVC. AVC and MC will be the same. The effect is that the profit will be smaller.

1 Answers · Social Science · 28/05/2012

8. ### how to find total fixed cost?

AFC = FC / Q 24 = FC / 5 FC = 120

1 Answers · Social Science · 18/04/2011

9. ### ap microeconomics homework help?

Average Fixed Cost (AFC) = FC/Q so we would need the AFC... Average Fixed Cost (AFC) = FC/Q Average Variable...

1 Answers · Social Science · 17/12/2011

10. ### suppose a firm hs the following TC function: STC= 300 + 40Q - 8Q^2 + (2/3)Q^3?

A AFC=FC/Q = 300/Q AVC=VC/Q = 40-8Q...

1 Answers · Social Science · 16/11/2009