If the average cost function of a good is AC = 15/Q + 2Q + 9 find

Question:

If the average cost function of a good is
AC = 15/Q + 2Q + 9
find an expression for TC. What are the fixed costs in this case? Write down an expression for the marginal cost function.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Mathematics for Economics and Business

ISBN: 978-1292191669

9th edition

Authors: Ian Jacques

See More Books

Question Posted: Apr 18, 2019 09:23 AM

See More Questions

From the total cost function given in the NYSE regression (9.31), how would you derive the average cost function? And the marginal cost function? But if Eq. (9.32) is the true (i.e.,...
The demand function for a firms product is given by P = 60 Q. Fixed costs are 100, and the variable costs per good are Q + 6. (a) Write down an expression for total revenue, TR, in terms of Q and...
Find expressions for (a) dQ/dP for the supply function Q = P 2 + P + 1 (b) d(TR)/dQ for the total revenue function TR = 50Q 3Q 2 (c) d(AC)/dQ for the average cost function AC = 30/Q + 10 (d) dC/dY...
In 2020-21, a taxpayer makes a number of disposals, as listed below. Which of these disposals would be exempt from CGT? (a) An antique table sold for 5,000. (b) A watercolour painting sold at...
Calculate the air-fuel ratio for the combustion of kerosene (assumed to be C12 H26) with 200% excess air in a gas turbine engine. Also, determine the volume percentage of CO2 in the products, and the...
What is a conceptual framework?
Exit poll candidates and voters. In an exit poll, 45% of voters said that the main issue affecting their choice of candidates was the economy, 35% said national security, and the remaining 20% were...
Refer to the information in Exercise 7. In Exercise 7 Required a. Assume that Demron estimates uncollectible accounts as 2% of receivables. Prepare the adjusting entry required on December 31, 2014,...
12:337 LTE D2L Content Horizontal analysis The income statements for Paragon Company follow This information has been collected in the Microsoft Excel Online e Open the s h eet w d ne g e valu e...
Use the given below to answer items 4 and 5: Given 4 distinct points, W, X, Y, Z on a line a. To prove that there exists a projectivity which carries W, X, Y, Z into X, W, Z, Y, consider the outline...
A monopolists demand function is given by P + Q = 100 Write down expressions for TR and MR in terms of Q and sketch their graphs. Find the value of Q which gives a marginal revenue of zero and...
A firms production function is Q = 50L 0.01L 2 where L denotes the size of the workforce. Find the value of MPL in the case when (a) L = 1 (b) L = 10 (c) L = 100 (d) L = 1000 Does the law of...
Identify a process to find employment as a java web designer
A parent acquires all of the stock of a subsidiary for $40 million in cash. The subsidiarys books report the following account balances at the date of acquisition (in trial balance format)....
1. Given: The sign for the Inn of the Prancing Pony in Bree-yes, it comes in pints-is fixed on the end of a beam of length 5L. If the sigh deflects too much then Gandalf will hit his head when he...
Q21) Add positive and negative charges as shown in the diagram below. Use the arrows of the simulation to guide you in drawing continuous electric field lines around and in between the three charges....
When 10.1 g CaO is dropped into a styrofoam coffee cup containing 157 g H2O at 18.0C, the temperature rises to 35.8C. Calculate the enthalpy change of the following reaction in kJ/mol CaO. Assume...
4-12. Sometimes heterogeneous chemical reactions take place at the walls of tubes in which reactive mixtures are flowing. If species A is being consumed at a tube wall because of a chemical reaction,...
Specify the format for the Oracle date data type. How does it account for change in century? What is the purpose of TIMESTAMP WITH LOCAL TIMEZONE? Suppose the system time zone in database in City A =...
Reduction in sales All of the above 29. Belt of an electric motor is broken, it needs a. Corrective maintenance b. Scheduled maintenance c. Preventive maintenance d. Timely maintenance. 30. The...
Table 2 gives U.S. high school dropout rates as percentages for selected years since 1990. A linear regression model for the data is r = -0.308t + 13.9 where t represents years since 1990 and r is...
In Problem sketch a graph of each equation or pair of equations in a rectangular coordinate system. x = 3; y = -2
In Problem sketch a graph of each equation or pair of equations in a rectangular coordinate system. x = 3; y = -2
Just work out the assignment on your own sheet, you dont need the excel worksheet. Classic Coffee Company Best friends, Nathan and Cody, decided to start their own business which would bring great...
Financial information related to the proprietorship of Ebony Interiors for February and March 2019 is as follows: February 29, 2019 March 31, 2019 Accounts payable $310,000 $400,000 Accounts...
(b) The directors of Maureen Company are considering two mutually exclusive investment projects. Both projects concern the purchase of a new plant. The following data are available for each project...

If the average cost function of a good is AC = 15/Q + 2Q + 9 find

Question:

Step by Step Answer:

TCACXQ 15609 209Q1520 ...View the full answer

Mathematics for Economics and Business

Students also viewed these Mathematics questions