Q381
Suppose the short run cost function can be written as TC=250 + 10Q. Average fixed cost equals
A.
250/Q
AnswerB.
250
C.
10
D.
250/Q + 10
Answer: Option A
Solution
Answer: Option A
Solution:
If the short run cost function can be written as TC=250 + 10Q. Average fixed cost equals 250/Q.