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You are given the following data for your firm, which sells a patented super-absorbent cleaning towel for use in large retail complexes (called One Wring
You are given the following data for your firm, which sells a patented super-absorbent cleaning towel for use in large retail complexes (called "One Wring to Rule the Mall" ).
Q | P | TC |
0 | $215 | $2,700.00 |
10 | $208 | $4,062.50 |
20 | $201 | $5,180.00 |
30 | $194 | $6,157.50 |
40 | $187 | $7,100.00 |
50 | $180 | $8,112.50 |
60 | $173 | $9,300.00 |
70 | $166 | $10,767.50 |
80 | $159 | $12,620.00 |
90 | $152 | $14,962.50 |
100 | $145 | $17,900.00 |
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!
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