ecoc
posted by kisha .
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+16Q2Q2+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.

V BCVB
Respond to this Question
Similar Questions

statistics
The average time in data to process orders received by a metal fabrication company is to be estimated. A sample of 20 orders is randomly selected from a total of 200 orders processed over a 6 month period and the sample mean is 5.4 … 
ecoc
TC=50+16 Q 2 Q2+0.2 Q3 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, … 
home economics
The economist for the Grand Corporation has estimated the company’s cost function, using the times series data to be TC=50+16Q2Q2+0.2Q3 a. Plot this curve for quanties 1 to 10 b. Calculate the average total cost, average variable … 
econ
The economist for the Grand Corporation has estimated the company’s cost function, using the times series data to be TC=50+16Q2Q2+0.2Q3 a. Plot this curve for quanties 1 to 10 b. Calculate the average total cost, average variable … 
Economics
The Andrews Corporation produced satellite dishes, was purchased by another compay, which was a cable company: The Total Cost function for the New Company is: TC = 1,000 + 16Q – 16Q2, where the demand curve for Satellite Dishes is … 
Managerial ECON
The chief economist for Argus Corporation, a large appliance manufacturer, estimated the firm’s short run cost function for vacuum cleaners using an average variable cost function of the form AVC = a + bQ + cQ2 where AVC dollars … 
Microeconomics
CompStrat Corporation’s total cost function (where TC is total cost in dollars, and Q is quantity) is TC = 200 + 10Q + 2Q2 If the firm is a price taker and if the price of its product is $20, what is its optimal output? 
Math
A company manufactirung snowboards has fixed costs of $200 per day and total cost of $3800 per day at a daily output of 20 boards. (A( Assuming that the total cost per day, C(x), is linearly related to the taotal out per dau,x, write … 
Economics
1. The law of diminishing returns implies that at some output level: a) Marginal cost must fall b) Average total cost must diminish c) profit increases d) Marginal cost must rise e) Total cost must fall 2. The vertical distance between … 
Microeconomics
In the shortrun function of a company with a constant variable cost is given by the equation q=225+55q,where TC is the total cost and q is the total quantity of output,both measured in thousands.1.what is a company's fixed cost?