Imagine that you are an entrepreneur,making designer t-shirts in your garage.Your accountant has estimated that your firm's total costs can be expressed by the function TC = 300 + 10 × Q,where Q represents the number of t-shirts you make.
Refer to the information given above.As you increase production of t-shirts your average fixed costs _____ and your marginal costs ________.

Question

Quizplus · Accepted Answer

If Q increases by one unit,total cost increases by 10 at a constant rate.Average fixed cost decreases as Q increases.

Imagine That You Are an Entrepreneur,making Designer T-Shirts in Your