Question
What would be a real-world industry example for this cubic cost function model? TC(Q)=0.1Q^3-2Q^2+50Q+100 Marginal Cost Function: MC=0.3Q^2-4Q+50 Average Total Cost: ATC=0.1Q^2-2Q+50+ 100 Q Average
What would be a real-world industry example for this cubic cost function model?
TC(Q)=0.1Q^3-2Q^2+50Q+100
Marginal Cost Function: MC=0.3Q^2-4Q+50
Average Total Cost: ATC=0.1Q^2-2Q+50+100
Q
Average Variable Cost: AVC=0.1Q^3-2Q^2+50Q
Q
AVC=0.1Q^2-2Q+50
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The Economics of Women Men and Work
Authors: Francine D. Blau, Marianne A. Ferber, Anne E. Winkler
7th edition
978-0190670863, 019067086X, 132992817, 978-0132992817
