Mikeroeconomics
Sunday, February 10, 2013
Alzheimer's Problem of the Day
A firm has a cost curve described by: TC= 10140+0.00001q^3-0.02q^2+16.3q
What is the average cost function? Find an equation for marginal cost. Graph.
AC = 10140/q + 0.0000q^2-0.02 +16.3
MC = .00003q^2-.04q +16.3
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