Gce Model Questions Vol1 2025 Economics Question 36
Practice objective / multiple choice question 36 from the 2025 Gce Model Questions Vol1 Economics examination.
A firm's total cost function is \(TC = F + aQ + bQ^{2}\), where \(F\) is fixed cost, \(a\) and \(b\) are constants and \(Q\) is output. At an output of 100 units the average total cost is \(150\) and marginal cost is \(200\). At an output of 200 units the average total cost is \(205\). Determine the fixed cost \(F\).
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About This Question
This is Gce Model Questions Vol1 2025 Economics Question 36. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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