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Question: Determine equations for P=f(Q), MR=f(Q), ATC=f(Q, Q 2 ), AVC=f(Q, Q 2 ), MC=f(Q, Q 2 ). Recall that your marginal equations should be
Question: 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!
Q | P | TC | MR | ATC | AVC | MC |
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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