Average marginal cost function

Related BrainMass Solutions

• Characteristics of cost functions: fixed, variable, average and marginal

  + average variable Average total = 150/Q + 200 - 9 * Q + 0.25 * Q^2 Marginal cost function = dTC/dQ (derivative of the total cost function with respect to Q) Marginal cost function = MC = 200 - 18 * Q + 0.75 * Q^2 C.

• Cost functions

  s average and marginal cost functions. (c) What is the standard relationship between the marginal cost function and the average cost function? Is that expectation fulfilled here?

• Transport economics, cost functions, total cost, and marginal cost

  b) Derive the marginal cost function c) What is the average cost c and marginal cost MC at traffic volume q = 500?

• How do you plot AFC, AVC and MC cost curves for the total cost function TC = 100 + 40Q - 15Q^2 + 5Q^3?

  82688 Plot AFC, AVC and MC cost curves for the total cost function TC = 100 + 40Q - 15Q(squared) + 5Q (to the third power), calculate the a. average fixed cost function (AFC) b. average variable cost function (AVC) c. marginal cost function (

• average and the marginal cost curves

  Average and the marginal cost curves are highlighted. The average and marginal cost curves are graphed.

• Deriving marginal cost function using first order derivative

  The average variable cost function: AVC = .05Q2 - 5Q + 500. Determine the marginal cost function.

• total, average, and marginal costs

  317922 total, average, and marginal costs Problems 1- Given the following total-revenue function: TR=9Q-Q² (a) Derive the total-, average-, and marginal-revenue schedules from Q = 0 to Q = 6 by 1' s.

• Demand, Supply, Cost, Average Cost and Marginal Cost

  180877 Demand, Supply, Cost, Average Cost and Marginal Cost The market demand function of a firm is given by 8P + Q - 64 = 0, and the firm's average cost function takes the form AC = 8/Q + 6 - 0.4Q + 0.08Q2.

• Fixed proportion production function Q = min(5K, 10L)

  Calculate the firm's short-run total, average and marginal cost functions, and state the domain of the functions. a) Calculate the firm's long-run total, average and marginal cost functions.

• Average cost, Marginal cost, Average Variable Cost

  Given the following total cost function of C (q) = 400Q(squared) - 20Q + 7 Calculate Average cost, Marginal cost, Average Variable Cost and the output level at which Average Variable Cost is at a minimum.