Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the form and obtained the following results.Total fixed cost TFC)at Straker Industries is $1,000. If Straker Industries produces 20 units of output,what is estimated total cost TC)?
A)$1,348
B)$1,498
C)$2,348
D)$4,428

Question

Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the form  and obtained the following results.Total fixed cost TFC)at Straker Industries is $1,000.  If Straker Industries produces 20 units of output,what is estimated total cost TC)?
A)$1,348 
B)$1,498 
C)$2,348 
D)$4,428

Quizplus · Accepted Answer

The Answer of Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the form  and obtained the following results.Total fixed cost TFC)at Straker Industries is $1,000.  If Straker Industries produces 20 units of output,what is estimated total cost TC)?
A)$1,348 
B)$1,498 
C)$2,348 
D)$4,428

Straker Industries Estimated Its Short-Run Costs Using a U-Shaped Average