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July 22, 2014

Homework Help: ecoc

Posted by kisha on Sunday, August 5, 2007 at 10:17pm.

i can not figure this out

the economist for the grand corporation has estimated the company's cost function, using time series data, to be

TC=50+16Q-2Q2+0.2Q3
a.plot this curve for quantites 1 to 10
b.calculate the average total cost,average variable cost, and marginal cost for these quantities, and plot them on another graph
c. discuss your results in term of decreasing,constant, and increasing marginal costs.

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