Cost, Revenue, and Profit Functions.
Examples of cost function 1) Total cost: TC(q)=10+10q Marginal cost: MC(q)=dTC(q) dq =10 Average cost: AC(q)=TC(q) q = 10+q+q2 q = 10 q +10 where AVC(q)=10and AFC(q)=10 q 0 2 4 6 8 10 12 14 2 4 6 8 1012 141618 20q 2) Total cost: TC(q)=10+q +q2 Marginal cost: MC(q)=dTC(q) dq =1+2q Average cost: AC(q)=TC(q) q = 10+q+q2 q = 10 q +1+q where AVC(q ... ................
................
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
- total — estimate totals
- microeconomics topic 6 be able to explain and calculate
- using regression analysis to estimate costs
- mat 122 fall 2011 overview of calculus homework 11
- cost revenue and profit functions
- examples of cost function economics
- economics 101 spring 2011 homework 5 due 4 12 11
- 1 you manufacture and sell objects your total cost tc
- chapter 5 cost drivers and cost behavior