Step-by-step explanation:
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Answer: 150
Step-by-step explanation:
A fixed cost is referred to as a cost that does not change with the output level that is, it doesn't change when there is a rose or reduction in the amount of goods or services that are produced.
Since the total cost function is given as
TC=3Q³ - 5Q² + 4Q + 150, we can infer that from the equation the fixed cost is 150 while the variable cost is 3Q³ - 5Q² + 4Q
Ok so standard form is a bit tricky, but I’ll help explain
Here’s and example:
If you have 2x+5y=10 here is how you would solve it
First you divide the x value by what the number is equal to (in our example, 10), and then we get 10/2 is 5. So now we know that
x is equal to five
Keep that in mind. Now we just have to do the same thing for the y value. 5/10 is 2, so you know that
y is equal to two
NOW you put those two together, and graph on the intercepts (the positions on the y and x axis where the lines intercept)
You would put a line on the x axis at 5, and on the y axis at 2
If you have any questions, you can ask