A company's cost function is given as: TC = 25+ 30Q + 0.2Q² What is the equation for the company's average variable cost? Select one: O AVC= 25Q + 30+ 0.2Q

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter22: Supply: The Costs Of Doing Business
Section: Chapter Questions
Problem 7E
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A company's cost function is given as:
TC = 25+ 30Q + 0.2Q²
What is the equation for the company's average
variable cost?
Select one:
O AVC = 25Q + 30+ 0.2Q
AVC = 30 + 0.4Q
O AVC = 25+ 30Q + 0.4Q²
O AVC = 30 + 0.2Q
O
AVC=30Q + 0.2Q²
Transcribed Image Text:A company's cost function is given as: TC = 25+ 30Q + 0.2Q² What is the equation for the company's average variable cost? Select one: O AVC = 25Q + 30+ 0.2Q AVC = 30 + 0.4Q O AVC = 25+ 30Q + 0.4Q² O AVC = 30 + 0.2Q O AVC=30Q + 0.2Q²
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