An economist estimated that the cost function of a single-product firm is C= 100+ 20Q- 15Q2+ 10Q3

Based on this information, determine:
1. The fixed cost of producing 10 units of output.
2. The variable cost of producing 10 units of output.
3. The average total cost of producing 10 units of output.
4. The marginal cost when Q 10.
5. Skitch the total cost curve.
6. Skitch the average variable and marginal cost curves.

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total

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"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

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answer; lags, push the econ below the natural level of output;