Question: W Cav Question 6 (1 point) Suppose over the range of relevant possible output, you have estimated a Total Cost Function of TC = 100

W Cav Question 6 (1 point)

Suppose over the range of relevant possible output, you have estimated a Total Cost Function of TC = 100 + 10Q + .02Q². If so, then the Marginal Cost Function is MC =

Question 6 options:

a)	100 + 10Q² + .02Q³

b)	10Q + .02Q²

10 + .04Q

d)	100/Q + 10 + .02Q

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!

W Cav Question 8 (1 point) Suppose over the range of relevant possible output, you have estimated a Total Cost Function of TC = 100 + 10Q + .02Q 2 . Your current output is Q = 2000. Since you can...

W Cav Question 7 (1 point) Suppose over the range of relevant possible output, you have estimated a Total Cost Function of TC = 100 + 10Q + .02Q 2 . If so, then at Q = 2000 Marginal Cost Function =...

W Cav Question 9 (1 point) Over the range of relevant possible output you have estimated a Total Revenue function TR = 700Q - 3Q 2 and a Total Cost function TC = Q 2 - 10Q. If you decided to maximize...

W Cav Question 10 (1 point) Over the range of relevant possible output you have estimated a Total Revenue function TR = 700Q - 3Q 2 and a Total Cost function TC = Q 2 - 10Q. If you decided to...

W Cav Question 12 (1 point) Over the range of relevant possible output you have estimated a Total Revenue function TR = 700Q - 3Q 2 and a Total Cost function TC = Q 2 - 10Q. If you decided to...

W Cav Question 11 (1 point) Over the range of relevant possible output you have estimated a Total Revenue function TR = 700Q - 3Q 2 and a Total Cost function TC = Q 2 - 10Q. If you decided to...

Question 2 (a) In the short run, the following costs were incurred by a strawberry factory. State whether each cost is a fixed cost or variable cost. (i) Salary of top management (ii) Warehouse to...

1. Suppose there is an electric bike shop that faces the following demand function Q = 250 - .25 p + 4 ps , where Q is the quantity of e-bikes, p is the price of an e-bike, and ps is the price of a...

its maccro i need detailed answers Exercises Question 1 ("Review of Production and Cost Functions, and Prot Mardoiization} Suppose each worker costs $1130 to hire. An example firm has the following...

Question 5 (1 point) At the farmer's market in Irvine, California, the price of avocados is set at $3 each. At that price, 120 avocados are supplied but only 100 are purchased. Represent this on a...

Z, Inc. has no debt right now. You project that this company can generate EBIT of 10 million per year for the next few years. There is no depreciation. You plan to attempt a leveraged buyout of this...

Sand in Your Shoes, Inc., makes and sells sandals. Last month they sold 4700 units, for $ 275 each. The cost of leather to make a pair of sandals is $ 37, but the artisans who produce them take three...

Dynamic programming and divide and conquer both state the solution to the largest problem in terms of solutions to smaller subproblems

Consider the following all-integer linear program. Max 1x1 + 1x2 s.t. 5x1 + 6x2 = 36 1x1 + 5x2 = 20 2x1 + 1x2 = 13 X1, X2 = 0 and integer (b) Solve the LP Relaxation of this problem. at (X1, X2) =...

3. Choose a social incident in your local area. (a) List three points that you believe are the cause of the social incident and develop a model that shows a linear relationship. (b) What is the...

Peoples understanding of what is being said

5. Develop a circular model, with positive and negative feedback loops, showing the relationships between the following critical variables: The population of a city Industrialization Relocation ...