We appreciate your visit to If tex TC 321 55Q 5Q 2 tex then the average total cost at tex Q 10 tex is 1 10 2 2 102 3. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Final answer:
The average total cost at Q = 10 is calculated by dividing the total cost function TC = 321 + 55Q - 5Q² by Q, resulting in an ATC of 37.1.
Explanation:
The student's question addresses the concept of average total cost in the field of economics or business studies. To find the average total cost (ATC) at Q = 10 for the given total cost (TC) function TC = 321 + 55Q - 5Q², we divide TC by the quantity Q. Plugging in Q = 10 into the TC equation, we get TC = 321 + 55(10) - 5(10)² = 321 + 550 - 500 = 371. Then, ATC at Q = 10 is calculated as ATC = TC/Q = 371/10 = 37.1. Therefore, the ATC at Q = 10 is 37.1, answering option 3 of the multiple-choice question.
Thanks for taking the time to read If tex TC 321 55Q 5Q 2 tex then the average total cost at tex Q 10 tex is 1 10 2 2 102 3. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada
