## Top 8 Examples to Illustrate the Theory of Cost | Microeconomics

List of top eight examples to illustrate the theory of cost. Example 1. The short-run cost function of a company is given by C = 190 + 53 Q, where C is the total cost and Q is the quantity of output. (i) What is the company's fixed cost? (ii) If the company produces 100 units, what is the average [...]