You own a firm with a total cost function of: TC = 40 + 150, where Q is the number of output. As you increase the number of output, the average fixed costs and the marginal costs . A) Decreases, stays the same B) Increases, decreases C) Stays the same, decreases DI Decreases, increases

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A:

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A: Since you have asked for the solution of B and C only. So, I am answering only B and C.

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A: With the given information the following is solved in the next steps.

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Q: define total fixed costs

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A:

Q: The short-run cost function of a company is given by the equation TC = 200 + 55q, where TC is the…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

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A: Answer to the question is as follows :

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A: Fixed Cost remains same at all levels of Output. Average Fixed Cost = Total Fixed Cost / Quantity

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A: