- 16 Assume The Total Cost Of A Producer Of A Commodity In The Short Run Is Given By The Equation Tc 30 000 15q 5 1 (74.5 KiB) Viewed 20 times
16. Assume the total cost of a producer of a commodity in the short - run is given by the equation: TC = 30,000+ 15Q² +5
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16. Assume the total cost of a producer of a commodity in the short - run is given by the equation: TC = 30,000+ 15Q² +5
16. Assume the total cost of a producer of a commodity in the short - run is given by the equation: TC = 30,000+ 15Q² +5Q where: TC = total cost, Q = level of output Using the given total cost find equations for (2 point each) A. variable costs B. fixed costs C. average variable costs D. average fixed costs E. average costs F. marginal costs 17. if there is a total of 15 million population who are currently unemployed, and 33 million employed (2 point) A. Determine total labor force B. Determine rate of unemployment C. Determine rate of employment