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Consider the following statements–I. the total cost of a firm, TC, is equal to  (q) + k, where 'q' is the quantity produced and 'k' is a constant, then1. Its average cost of production is  q k q b g2. Its marginal cost is  (q).3. Its average fixed cost is k/q. Of these statements.

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Microeconomics is a branch of economics that analyzes market behavior of individuals and firms in order to understand their decision-making processes.


Consider the following statements–<br>I. the total cost of a firm, TC, is equal to  (q) + k, where 'q' is the quantity produced and 'k' is a constant, then<br>1. Its average cost of production is  q k q b g<br>2. Its marginal cost is  (q).<br>3. Its average fixed cost is k/q. Of these statements.






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