Question: 1. TC = 35 + 5Q 2Q2 + 2Q3 , TC = total costFind (a) the MC (marginal cost) and (b) the AC (average cost).
1. TC = 35 + 5Q 2Q2 + 2Q3 , TC = total costFind (a) the MC (marginal cost) and (b) the AC (average cost). Evaluate them at Q=3 and Q=5.2. Find the MR (marginal revenue) function, Q = 36 - 2P, and evaluate them at Q=4 and Q=10.3. Given C = 2000 + 0.9Yd, where Yd = Y-T and T = 300+0.2Y, use the derivative to find the MPC (marginal propensity to consume).4. Given the total revenue and total cost functions as follow, find the quantity that maximizes the firm's profits.TR = 1400Q - 7.5Q2TC = Q3- 6Q2 + 140Q + 750

2. TC = 35 + 5Q - 2Q2 + 2Q3 , TC = total cost Find (a) the MC (marginal cost) and (b) the AC (average cost). Evaluate them at Q)=3 and Q=5. 3. Find the MR (marginal revenue) function, Q = 36 - 2P, and evaluate them at Q)=4 and Q=10. 4. Given C = 2000 + 0.9Ya, where Ya = Y-T and T = 300+0.2Y, use the derivative to find the MPC (marginal propensity to consume). 5. Given the total revenue and total cost functions as follow, find the quantity that maximizes the firm's profits. TR = 1400Q - 7.5Q2 TC =Q3 -602+ 140Q + 750
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
