- 6 Given The Cost Function Of A Firm As C 128 6q 2q 3q Compute The Following 2 Point Each A Tfc B Tvc Of P 1 (75.38 KiB) Viewed 14 times
6. Given the cost function of a firm as: C = 128 - 6Q+2Q³ + 3Q², Compute the following (2 point each) A. TFC B. TVC of p
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6. Given the cost function of a firm as: C = 128 - 6Q+2Q³ + 3Q², Compute the following (2 point each) A. TFC B. TVC of p
6. Given the cost function of a firm as: C = 128 - 6Q+2Q³ + 3Q², Compute the following (2 point each) A. TFC B. TVC of producing 4 units C. AVC of producing 4 units D. ATC of producing 4 units E. MC of producing the 4th unit 7. The following data refer to the production department of a firm: A. Number of workers: 1000 B. Wage rate per worker: Birr 25 C. Cost of raw materials used: Birr 15000 D. Rent of factory building: Birr 5000 E. Interest paid: Birr 2000 F. Expenses for fuel: Birr 2000 G. Number of units produced: 700 A. Compute AVC and AC for the firm (4 point)