The total cost of a firm is given in terms of the output q as C(q) = 60q - 12q^2 + q^3.

The average cost for the producing q items is the total cost for an output of q divided by q. This is C(q)/q.

The average cost is (60q...

## Unlock

This Answer NowStart your **48-hour free trial** to unlock this answer and thousands more. Enjoy eNotes ad-free and cancel anytime.

Already a member? Log in here.

The total cost of a firm is given in terms of the output q as C(q) = 60q - 12q^2 + q^3.

The average cost for the producing q items is the total cost for an output of q divided by q. This is C(q)/q.

The average cost is (60q - 12q^2 + q^3)/q

=> 60 - 12q + q^2

**The average cost to the firm is given by the expression A = 60 - 12q + q^2**