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

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 1QR

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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 – Q?
Total – product function: q = aL +bL² – cL³

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