1- You own an apparel-producing company whose total revenue function is: TR=8Q-0.25,Q^2

a- Graph this function over the rage 0

b-find the derivative of this function (dTR/dQ),which represent marginal revenue.

c-Find the average revenue function,TR(Q)/Q

d-Which is greater ,the slope of the marginal revenue curve or the average revenue curve?

e-What is the impact of an increase Q on the slope of the average revenue curve? Question 8 is below

7. Consider a total cost function where q is the single argument such that TC(q) = 10 + 292 and q 2 0. Do you expect the slope of the marginal cost curve at any given point to be greater than or less than the slope of the average cost curve? What impact will an increase in output have on the slope of the average cost curve? 8. You own an apparel-producing company whose total revenue function is TR = 80 - 0.502. (a) Graph this function over the range 0 s Q - 6 to obtain an indication of the curvature of the function. (b) Find the derivative of this function (dTR/dQ), which represents marginal revenue. (c) Find the average revenue function, TR(Q)/Q. (d) Which is greater, the slope of the marginal revenue curve or the average rev- enue curve? (e) What is the impact of an increase in Q on the slope of the average revenue curve