PakPerfect Inc. estimates equation of its total costs of production as TC = 500 + 10Q + 5Q2  and market demand for its product as Qd = 105 – (1/2) P, where Q is quantity in units and P is price in Pak$. a- Write the equations of the firm’s costs, as a function of Q: Average Total Cost ATC Average Variable Cost AVC Average Fixed Cost AFC

Q: Suppose a company has fixed costs of $40,800 and average variable costs given by AVC(x)-x + 333…

A: The fixed cost of the firm is FC = $ 40,800 and the average variable cost is, AVC(x) = 1/3*x + 333…

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Q: PakPerfect Inc. estimates equation of its total costs of production as TC = 500 + 10Q + 5Q2 and…

A: Given, Total cost  (TC) = 500 + 10Q + 5Q2 Market demand Qd = 105 - (1/2)P Here, Q is  the Quantity…

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