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I have been provided the following data Quantity, Price, and Total Cost a.Determine equations for P=f(Q), MR=f(Q), ATC=f(Q, Q 2 ), AVC=f(Q, Q 2 ),
I have been provided the following data
Quantity, Price, and Total Cost
a.Determine equations for P=f(Q), MR=f(Q), ATC=f(Q, Q2), AVC=f(Q, Q2), MC=f(Q, Q2). Recall that your marginal equations should be derivatives of your totals!
I don't understand what the (Q, Q^2) means
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