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Managerial Economics · Quiz 1 · 19 Jul 2026 · May 2026 term

Question 20: What will be the average fixed cost if the company produ…

Question 20

+1 markNumerical answer

The short run cost function of a company is given by the equation TC=300+25Q+2Q2, where TC is total cost and q is no. of units produced.
Based on the above data, answer the given subquestions.

What will be the average fixed cost if the company produces 100 units _______

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Correct answer: 3

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Question 20 of 22 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 1 paper sat on 19 Jul 2026, in the May 2026 term (Managerial Economics 16 Jul 26). It carries 1 mark.

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