Question: For the total cost function T C = Y 2 + 10y + 25, y > 0 show that a. MC is less than AC

For the total cost function T C = Y ² + 10y + 25, y > 0 show that a. MC is less than AC where AC is falling b. MC=AC at the point where the C curve is horizontal c. MC exceeds AC where AC is rising.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

How do I show this equation works? 9. If the total cost function is given by TC = aQ? + bQ + c, show that d(AC) dQ MC - AC Q d(AC) dQ 2=0 9 o MC AC

Answer this questions by providing the corect answers. (a) Using the numbers in the graph, identify each of the following. (i) The profit-maximizing output quantity (ii) The profit-maximizing price...

1 A single rm, exogenous price This problem covers a single rm facing a given price. Maybe the price is regulated by the government for some other reasons unexplained here. Alternatively, maybe this...

Question 2. (25 marks) A competitive firm's total cost function satisfies C (Q) = 72 + 300 + 202 for Q > 0 and C (0) = 0, where Q is the output level. The marginal cost is MC (Q) = 30 + 40. a. (7...

4. For the total cost function TC(y) 3y+7y+24, y >0 show that (and illustrate on a graph): (a) MC is less than AC where AC is falling. (b) MC = AC at the point where the AC curve is horizontal. (c)...

Give explanation for each question. 29.A measure of inflation that washes out price extremes employs: A.mean price changes. B.Weighted average price changes. C.the standard deviation of price...

Explainthese attachments. Question 1 (total 15 points). A firm has a production function:f (K, Z) = 50LK05 + L2 K2 - 13 K3 a. What is its short-run production function if capital is fixed at K=4? b....

MANAGERIAL ECON. Reasoning. Express your thoughts base on the problem indicated below. You can explain your answer in words or in mathematical form. 1.Suppose you buy an accessory that will be used...

help with 2. if this question is too long please answwr half and i will post the other half. thank you :)) 2. The graph below shows three hoquants for a business fim, corresponding to outputs of 48,...

1. If P = $1,000 - $2Q: MR = $1,000Q - $4. MR = $1,000 - $8Q. poop MR = $1,000 - $4Q. MR = $250 - $0.25P. 2. Total cost minimization occurs at the point where: a. Q = 0. b. MC = AC. C . AC = 0. MC =...

Fungal laccase, a blue protein found in wood- rotting fungi, is 0.390% Cu by mass. If a fungal laccase molecule contains four copper atoms, what is the molar mass of fungal laccase?

Based on the following bank reconciliation, prepare the journalentries: Lisa Chai Associates Bank Reconciliation July 31, 20 -- Bank statement balance, July 31 Add deposits in transit $2 764 40 $250...

By an act of Congress, the Small Business Administration ( SBA ) was created in which of the following years? Question 1 0 Answer a . 1 9 6 8 b . 1 9 7 3 c . 1 9 8 5 d . 1 9 5 3

List what you believe should have been the three to five key internal control objectives of Goodners Huntington sales office.

Lexi Belcher picked up the monthly report that Irvin Santamaria left on her desk. She smiled as her eyes went straight to the bottom line of the report and saw the favorable variance for operating...

On January 1, 2013, Datalink Inc. issued $100,000, 10%, 10-year bonds when the market rate of interest was 8%. Interest is payable on June 30 and December 31. The following financial information is...

Sommers Irrigation, Inc. is known throughout the world for its H2O-X high-capacity water pump, used in irrigation systems. The pump's standard cost is as follows. The company's predetermined fixed...

Merkt Merchandise planned to produce 40,000 fleece jackets in its Metairie, Louisiana, factory. Fixed overhead costs for the factory were budgeted to be $520,000. The company actually spent $534,000...

Among a group of 5 8 programmers, who know either Java or Python or both, 1 5 only know Java and 1 3 only know Python. What is the probability of randomly choosing a programmer who knows both...

3. How can we use information and communication to generate trust?

4. How can we use information and communication to influence other people?

2. Why do we have more confidence in what one person tells us than in what another person tells us?