Answer:
fixed cost is $300 and marginal cost is $10
Explanation:
Data provided in the question:
total cost (in dollars) is given by the equation TC = 300 + 10Q,
where Q = the number of t-shirts we make
Now,
Total cost = Fixed cost + Total variable cost
The Fixed cost are the costs that remain constant for the range of products being manufactured
Therefore,
From the given function the constant value is $300
And,
The variable cost = Marginal cost × Number of products made
thus,
From the given equation, Marginal cost = $10
Hence,
The answer is fixed cost is $300 and marginal cost is $10
