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a. Determine equations for P=f(Q), MR=f(Q), ATC=f(Q, Q 2 ), AVC=f(Q, Q 2 ), MC=f(Q, Q 2 ) I need a quadratic equation for ATC,
a. Determine equations for P=f(Q), MR=f(Q), ATC=f(Q, Q2), AVC=f(Q, Q2), MC=f(Q, Q2)
I need a quadratic equation for ATC, AVC and MC. When TC is put on scatter plot it is more suited for quadratic equation, but I do not know how to get there with this data. thank you.
Q | P | TC |
0 | $90 | $2,000 |
10 | $88 | $2,770 |
20 | $86 | $3,320 |
30 | $84 | $3,710 |
40 | $82 | $4,000 |
50 | $80 | $4,250 |
60 | $78 | $4,520 |
70 | $76 | $4,870 |
80 | $74 | $5,360 |
90 | $72 | $6,050 |
100 | $70 | $7,000 |
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