Cost Functions
Easy
Medium
Hard
New Game
Print
Instructor:
Sérgio O. Parreiras
Course:
ECON 101 - Introduction to Economics
Q
TC
VC
FC
MC
ATC
Assistance
$\mathrm{TC} = \mathrm{FC} + \mathrm{VC}$
$\mathrm{FC} = \mathrm{TC}(0)$
$\mathrm{MC}(Q) = \mathrm{TC}(Q+1) - \mathrm{TC}(Q)$
$\mathrm{ATC} = \dfrac{\mathrm{TC}}{Q}$
$\mathrm{VC}(Q) = \displaystyle\sum\limits_{i=0}^{Q-1} \mathrm{MC}(i) = \mathrm{MC}(0) + \cdots + \mathrm{MC}(Q-1)$
Leaderboard
Easy
Medium
Hard
Loading...
Loading...
Loading...