question.? Mary's Fence Post Factory faces a perfectly elastic demand curve for fence posts at a price of $39 per post. Let Q represent the number of fence posts that Mary makes. Mary's total cost and marginal cost curves for making fence posts are:
TC = 4,000 + 3Q + 0.1Q2
MC = 3 + 0.2Q
What is Mary's average total cost of production when she makes 100 fence posts?
TC = 4,000 + 3Q + 0.1Q2
MC = 3 + 0.2Q
What is Mary's average total cost of production when she makes 100 fence posts?