Can someone help me with drawing the graph in part E? Also for
part C, I stated the profit-maximzing quantity was 8 trumpets. Is
this correct?
Homework Answers
1):-So fixed cost is given which is fc= $240
Variable cost= $165
So total cost is= Fc+ VC
= $ 240+$165
=$405
So average total cost = tc/q
=$405/8
=$50.625
2) :- Marginal cost=tn-(tn-1)
Total cost=$240+$290
=$530
Mc= $290-$220/1
=$70/1
= $70
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