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dTC МС - = 25 + 30Q – 9Q² dQ and fixed cost, FC = 55, find the (i)total 4. Given marginal cost, cost, (ii) average cost, and (iii) variable cost functions. (Ans. (1)TC = 25Q +15Q² – 3Q' +55 (ii) 4C = 25 + 15Q – 3Q² +55/Q and, VC = 25Q +15Q² – 3Q'). (iii) 5. Find the (i) Total Revenue function, TR = J(Q) and, (ii) the Demand function, P= f(Q). TR = 84Q – 2Q² 3 Q? P = 84 – 2Q – 3 ). given MR = 84 – 4Q – Q² (Ans. (i) , (ii)

dTC МС - = 25 + 30Q – 9Q² dQ and fixed cost, FC = 55, find the (i)total 4. Given marginal cost, cost, (ii) average cost, and (iii) variable cost functions. (Ans. (1)TC = 25Q +15Q² – 3Q' +55 (ii) 4C = 25 + 15Q – 3Q² +55/Q and, VC = 25Q +15Q² – 3Q'). (iii) 5. Find the (i) Total Revenue function, TR = J(Q) and, (ii) the Demand function, P= f(Q). TR = 84Q – 2Q² 3 Q? P = 84 – 2Q – 3 ). given MR = 84 – 4Q – Q² (Ans. (i) , (ii)

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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dTC MC = dQ = 25 + 30Q – 9Q² 4. Given marginal cost, and fixed cost, FC = 55, find the (i)total cost, (ii) average cost, and (iii) variable cost functions. (Ans, (i)TC = 25Q +15Q² – 3Q³ + 55 i) 4C = 25 +15Q – 3Q² +55/Q and. ,(ii) VC = 25Q +15Q² – 3Q°). (iii) 5. Find the (i) Total Revenue function, TR = f(Q) and, (ii) the Demand function, P = f(Q), TR = 84Q – 20? 3 Q³ Q? P = 84 – 2Q – MR = 84 – 4Q-Q² 3 ). %3D given (Ans. (i) (ii)
Transcribed Image Text:dTC MC = dQ = 25 + 30Q – 9Q² 4. Given marginal cost, and fixed cost, FC = 55, find the (i)total cost, (ii) average cost, and (iii) variable cost functions. (Ans, (i)TC = 25Q +15Q² – 3Q³ + 55 i) 4C = 25 +15Q – 3Q² +55/Q and. ,(ii) VC = 25Q +15Q² – 3Q°). (iii) 5. Find the (i) Total Revenue function, TR = f(Q) and, (ii) the Demand function, P = f(Q), TR = 84Q – 20? 3 Q³ Q? P = 84 – 2Q – MR = 84 – 4Q-Q² 3 ). %3D given (Ans. (i) (ii)
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