what is the firm's total cost function and average cost?

Question

a firm has a fixed production cost of 5000 and a constant marginal cost of production of 500 per unit produced.

Answer 1

The total cost is dependent on the firm's fixed cost and
variable costs. Variable costs will depend on how many units
a firm produces. The variable unit cost will be the same.
TC(Total Cost)=5000+500*N, where N=number of units produced
AC (Average Cost)=5000+500*N/N

Answer 2

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