10) Find the marginal and average functions for the following total functions and graph the results. Total - cost function: C = 3Q² + 7Q + 12 Total – revenue function: R = 10Q – Q² Total - product function: q = aL + bL² – cL³

10) Find the marginal and average functions for the following total functions and graph the results. Total - cost function: C = 3Q² + 7Q + 12 Total – revenue function: R = 10Q – Q² Total - product function: q = aL + bL² – cL³

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

10) Find the marginal and average functions for the following total functions and graph the
results.
Total – cost function: C = 3Q² + 7Q + 12
Total – revenue function: R = 10Q – Q²
%3D
Total – product function: q = aL + bL² – cL³

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