PATRIOT ODUNARO BABATUNDE JIMOH (080384540008)
ASSIGNMENT
Alatise Manufacturing Company provides the following information relating its cost
function as given below:
TC = 3 p3 + 15p2 - 15p + 100
Where P = N50 and Q = 100 units
Required: Calculate:
(a) i. Fixed Cost ii. Variable Cost iii. Mixed Cost iv. Variable Cost per unit
v. Average Fixed Cost vi. Average Cost
(b) Use the information in “a” above to prove that:
Average Fixed Cost = Average Cost - Variable Cost per unit
BEST OF LUCK!
FUTURE BELONGS TO THOSE WHO PREPARE FOR IT!!-PATRIOT ODUNARO B.J
INSTRUCTION:
FOR PART-TIME:TO BE SUBMITTED ON OR BEFORE SATURDAY OCTOBER 31, 2020 AROUND 9A.M
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