Consider the following cost function (C):\[ C = 0.25q^3 - 4q^2 + 75q + F. \]The equation for **average cost (AC)** is:\[ AC = \_\_ \] (Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. E.g., a superscript can be created with the ^ character.)The equation for **variable cost (VC)** is:\[ VC = \_\_ \] (Properly format your expression using the tools in the palette.)The equation for **marginal cost (MC)** is:\[ MC = \_\_ \] (Properly format your expression using the tools in the palette.)

A cost function is a formula used to predict the cost that will be experienced at a certain activity level. here we calculate the given as follow; GIVEN; Cost function=C=0.25q3-4q2+75q+F 1) Average cost, AC = TC/q AC= (0.25q3-4q2+75q+F)/q AC=0.25q2 -4q+75+F/q 2) Variable cost is the cost which depends on the quantity. Variable cost VC= 0.25q3-4q2+75q 3) Marginal cost MC = dTC/dq Marginal cost MC= 0.25(3q2) - 4(2q) + 75 Marginal cost MC= 0.75q2 - 8q + 75

Business

Economics

C = 0.25q3 - 4q2 + 75q + F. The equation for average cost (AC) is: AC = (Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. E.g., a superscript can be cre with the ^ character.) The equation for variable cost (VC) is: vc =. (Properly format your expression using the tools in the palette.) The equation for marginal cost (MC) is: MC = (Properly format your expression using the tools in the palette.)

C = 0.25q3 - 4q2 + 75q + F. The equation for average cost (AC) is: AC = (Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. E.g., a superscript can be cre with the ^ character.) The equation for variable cost (VC) is: vc =. (Properly format your expression using the tools in the palette.) The equation for marginal cost (MC) is: MC = (Properly format your expression using the tools in the palette.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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