Examples of cost function - Iowa State University
[Pages:3]Examples of cost function
1) Total cost: T C(q) = 10 + 10q
Marginal
cost:
M C(q)
=
dT C(q) dq
=
10
Average cost:
AC(q) =
T C(q) q
=
10+q+q2 q
=
10 q
+ 10
where
AV
C(q)
=
10
and
AF C(q)
=
10 q
14 12 10 8 6 4 2
0
2 4 6 8 1q0 12 14 16 18 20
2) Total cost: T C(q) = 10 + q + q2
Marginal
cost:
M C(q)
=
dT C(q) dq
=
1 + 2q
Average cost:
AC(q) =
T C(q) q
=
10+q+q2 q
=
10 q
+1+q
where
AV
C(q)
=
1
+
q
and
AF C(q)
=
10 q
1
14 12 10 8 6 4 2
0
2
4
q6
8
10
12
3) Total cost: T C(q) = 10 + 10q - 4q2 + q3
Marginal
cost:
M C(q)
=
dT C(q) dq
=
10 -
8q
+ 3q2
Average cost:
AC(q)
=
T C(q) q
=
10+10q-4q2+q3 q
=
10 q
+ 10 - 4q + q2
where
AV
C(q)
=
10
-
4q
+
q2
and
AF C(q)
=
10 q
14 12 10 8 6 4 2
0
1
2q 3
4
5
2
4) Total cost: T C(q) = 10 + 10q2
Marginal
cost:
M C(q)
=
dT C(q) dq
=
20q
Average cost:
AC(q)
=
T C(q) q
=
10+10q2 q
=
10 q
+ 10q
where
AV
C(q)
=
10q
and
AF C(q)
=
10 q
40
30
20
10
0
1
2q 3
4
5
3
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- calculating your costs per visit
- how to calculate the total cost of business intelligence
- calculate your total cost of ownership
- a simple model for determining true total cost of
- examples of cost function iowa state university
- calculating indirect cost idc
- calculate how to
- nih consortiums subawards f a indirect costs
- calculating a monopolist s profit or loss
- microeconomics topic 6 be able to explain and calculate
Related searches
- iowa state university calendar
- iowa state university calendar 2019
- iowa state university calendar 2019 2020
- iowa state university christmas break
- iowa state university majors
- iowa state university programs
- iowa state university degree programs
- iowa state university online masters
- iowa state university majors offered
- iowa state university majors list
- iowa state university employee benefits
- iowa state university human resources