Find variable cost-fixed cost and average cost

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Reference no: EM131088742

Suppose the firm's cost function is C(q) = 4q^2 + 16

and marginal cost function is MC = 4 + 4 q.

Find Variable cost, fixed cost, average cost, average variable cost and average fixed costs

Show average cost, average variable cost and marginal cost in a graph

Find output that minimizes average cost

At what range of prices will the firm produce a positive output? (The Firm’s Supply)

At what range of prices will the firm produce negative profit (Short run loss minimize)?

At what range of prices will the firm product positive profit?

Reference no: EM131088742

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