Question: 2 1. Given the total-cost function C = Q3 -5Q2 + 12Q+ 75, write out a variable-cost (VC) function. Find the derivative of the VC

2 1. Given the total-cost function C = Q3 -5Q2 + 12Q+ 75, write out a variable-cost (VC) function. Find the derivative of the VC function, and interpret the economic meaning of that derivative. 2. Given the average-cost function AC = Q2 - 4Q+ 174, find the MC function, Is the given function more appropriate as a long-run or a short-run function? Why

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