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Find the firm average fixed cost

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Reference no: EM131257298

Melody Music Store has a total cost function of TC = 500 + 10Q + 5Q^2

(a) Find the firm's fixed costs (FC) and variable costs (VC).

(b) Find the firm's average fixed cost (AFC), average variable cost (AVC), and average total cost (ATC

(c) Use calculus to find the output level that minimizes average total cost

(d) Find the levels of output where the firm will face economies of scale. Find the levels of output where the firm will face diseconomies of scale

Reference no: EM131257298

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