Friday
March 27, 2015

Homework Help: econ

Posted by Anonymous on Saturday, February 23, 2008 at 8:16pm.

The economist for the Grand Corporation has estimated the company’s 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

home economics - The economist for the Grand Corporation has estimated the ...
ecoc - i can not figure this out the economist for the grand corporation has ...
Managerial ECON - The chief economist for Argus Corporation, a large appliance ...
ecoc - TC=50+16 Q -2 Q2+0.2 Q3 a.plot this curve for quantites 1 to 10 b....
Microeconomics - CompStrat Corporation’s total cost function (where TC is total ...
Economics - The Andrews Corporation produced satellite dishes, was purchased by ...
Econ - A firm faces the following Average Cost function AC=1500Q^-1 + 300-27Q+1....
Economics - 1. The law of diminishing returns implies that at some output level...
Management & Econ - a) Explain why a short run average cost curve only touches ...
Microeconomics - In the shortrun function of a company with a constant variable ...

Members