78 505
Assignments Done
Successfully Done
In September 2019

Answer to Question #42920 in Microeconomics for abdulla sabit

Question #42920
Suppose,the cost function of Firm-A is as follows: C=5Q^3+3Q^2-2Q+500 Find marginal function and average function.
Expert's answer
Marginal cost function MC can be found as derivative of total cost function:
MC = C' = 15Q^2 + 6Q - 2
Average cost function ATC can be found as cost function divided by quantity:
ATC = C/Q = 5Q^2 + 3Q - 2 + 500/Q

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

Privacy policy Terms and Conditions