Homework Help is Here – Start Your Trial Now!
Business
Economics
dTC МС - = 25 + 30Q – 9Q² dQ and fixed cost, FC = 55, find the (i)total 4. Given marginal cost, cost, (ii) average cost, and (iii) variable cost functions. (Ans. (1)TC = 25Q +15Q² – 3Q' +55 (ii) 4C = 25 + 15Q – 3Q² +55/Q and, VC = 25Q +15Q² – 3Q'). (iii) 5. Find the (i) Total Revenue function, TR = J(Q) and, (ii) the Demand function, P= f(Q). TR = 84Q – 2Q² 3 Q? P = 84 – 2Q – 3 ). given MR = 84 – 4Q – Q² (Ans. (i) , (ii)

dTC МС - = 25 + 30Q – 9Q² dQ and fixed cost, FC = 55, find the (i)total 4. Given marginal cost, cost, (ii) average cost, and (iii) variable cost functions. (Ans. (1)TC = 25Q +15Q² – 3Q' +55 (ii) 4C = 25 + 15Q – 3Q² +55/Q and, VC = 25Q +15Q² – 3Q'). (iii) 5. Find the (i) Total Revenue function, TR = J(Q) and, (ii) the Demand function, P= f(Q). TR = 84Q – 2Q² 3 Q? P = 84 – 2Q – 3 ). given MR = 84 – 4Q – Q² (Ans. (i) , (ii)

Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter7: Economies Of Scale And Scope
Section: Chapter Questions
Problem 5MC
See similar textbooks
icon
Related questions
Question
dTC MC = dQ = 25 + 30Q – 9Q² 4. Given marginal cost, and fixed cost, FC = 55, find the (i)total cost, (ii) average cost, and (iii) variable cost functions. (Ans, (i)TC = 25Q +15Q² – 3Q³ + 55 i) 4C = 25 +15Q – 3Q² +55/Q and. ,(ii) VC = 25Q +15Q² – 3Q°). (iii) 5. Find the (i) Total Revenue function, TR = f(Q) and, (ii) the Demand function, P = f(Q), TR = 84Q – 20? 3 Q³ Q? P = 84 – 2Q – MR = 84 – 4Q-Q² 3 ). %3D given (Ans. (i) (ii)
Transcribed Image Text:dTC MC = dQ = 25 + 30Q – 9Q² 4. Given marginal cost, and fixed cost, FC = 55, find the (i)total cost, (ii) average cost, and (iii) variable cost functions. (Ans, (i)TC = 25Q +15Q² – 3Q³ + 55 i) 4C = 25 +15Q – 3Q² +55/Q and. ,(ii) VC = 25Q +15Q² – 3Q°). (iii) 5. Find the (i) Total Revenue function, TR = f(Q) and, (ii) the Demand function, P = f(Q), TR = 84Q – 20? 3 Q³ Q? P = 84 – 2Q – MR = 84 – 4Q-Q² 3 ). %3D given (Ans. (i) (ii)
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics: Applications, Strategies an…
Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning
Survey Of Economics
Survey Of Economics
Economics
ISBN:
9781337111522
Author:
Tucker, Irvin B.
Publisher:
Cengage,
Micro Economics For Today
Micro Economics For Today
Economics
ISBN:
9781337613064
Author:
Tucker, Irvin B.
Publisher:
Cengage,
Microeconomic Theory
Microeconomic Theory
Economics
ISBN:
9781337517942
Author:
NICHOLSON
Publisher:
Cengage
Microeconomics
Microeconomics
Economics
ISBN:
9781337617406
Author:
Roger A. Arnold
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS