What is average variable cost of producing units of output, Microeconomics

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What is average variable cost of producing units of output

Problem

Suppose the cost function for your firm is: C = 50 + 4Q + 2Q2.

1. What is the average fixed cost of producing 5 units of output?

2. What is the average variable cost of producing 5 units of output?

3. What are the average total cost and marginal cost of producing 5 units of output?

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Microeconomics: What is average variable cost of producing units of output

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Microeconomics: What is average variable cost of producing units of output

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