# econ

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.

1. 👍 0
2. 👎 0
3. 👁 112

1. 👍 0
2. 👎 0

## Similar Questions

1. ### home economics

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

asked by Anonymous on February 23, 2008
2. ### ecoc

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

asked by kisha on August 5, 2007
3. ### 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

asked by lost on November 6, 2011

Hi, assuming I am in the business of designing and renovating music studios. I had faxed a company which sells the materials I need, regarding the price of e.g , 50 tiles and 1000L glue. Subsequently, the company faxed back

asked by Zhang on August 7, 2009

A company spent \$100.80 to purchcase flyers for their grand opening. The flyers cost between \$0.50 and \$0.70 each. The price was a multiple of \$0.05. The company paid the same amount for each flyer. 5. How many flyers did the

A company spent \$100.80 to purchase flyers for their grand opening. The flyers cost between \$0.50 and \$0.70 each. The price was a multiple of \$0.05. The company paid the same amount for each flyer. How many flyers did the company

7. ### algebra

A company that manufactures bikes has a fixed cost of \$8,000. It cost \$800 to produce each bike. The total cost for the company is a sum of fixed cost and variable costs. Write the total cost, C, as a function of the number of

asked by pam on July 12, 2015
8. ### finance

The Nutrex Corporation wants to calculate its weighted average cost of capital. Its target capital structure weights are 40 percent long-term debt and 60 percent common equity. The before-tax cost of debt is estimated to be 10

asked by san on September 12, 2012