Saturday
April 19, 2014

Homework Help: home economics

Posted by Anonymous on Saturday, February 23, 2008 at 8:15pm.

The economist for the Grand Corporation has estimated the companyís cost function, using the times series data to be

TC=50+16Q-2Q2+0.2Q3
a. Plot this curve for quanties 1 to 10
b. Calculate the average total cost, average variable cost and marginal cost for these quanties, and plot them on another graph.
c. Discuss your results in terms of decreasing, constant and increasing marginal cost. Does Grand cost function illustrate all theses.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

econ - The economist for the Grand Corporation has estimated the companyís cost...
ecoc - i can not figure this out the economist for the grand corporation has ...
Economics - The Andrews Corporation produced satellite dishes, was purchased by ...
Microeconomics - CompStrat Corporationís total cost function (where TC is total ...
Economics - n auto-service establishment has estimated its monthly cost function...
economics - q = 5,000 - 100p tc= 10,000 - 10q plot the demand curve marginal ...
ecoc - TC=50+16 Q -2 Q2+0.2 Q3 a.plot this curve for quantites 1 to 10 b....
Managerial ECON - The chief economist for Argus Corporation, a large appliance ...
Microeconomics - A company is working on the market of perfect competition. Its ...
Math - Im having trouble with filling in a table for MC TC and AC given a cost ...

Search
Members