From the following data, equations for P=f(Q), ATC=f(Q,Q^2), AVC=f(Q, Q^2), MC=f(Q,Q^2) are to be determined. Q = 0, 10, 20, 30, 40,50, 60, 70, 80, 90, 100 P= $215, $208, $201, $194, $187, $180, $173, $166, $159, $152, $145, TC= $2,700; $4,062.50; $5,180; $6,157.50; $7,100; $8,112.50; $9,300; $10,767.50; $12,620; $14,962.50; $17,900 How do I proceed in determining equations for P=f(Q), ATC=f(Q,Q^2), AVC=f(Q, Q^2), MC=f(Q,Q^2)?
From the following data, equations for P=f(Q), ATC=f(Q,Q^2), AVC=f(Q, Q^2), MC=f(Q,Q^2) are to be determined. Q = 0, 10, 20, 30, 40,50, 60, 70, 80, 90, 100 P= $215, $208, $201, $194, $187, $180, $173, $166, $159, $152, $145, TC= $2,700; $4,062.50; $5,180; $6,157.50; $7,100; $8,112.50; $9,300; $10,767.50; $12,620; $14,962.50; $17,900 How do I proceed in determining equations for P=f(Q), ATC=f(Q,Q^2), AVC=f(Q, Q^2), MC=f(Q,Q^2)?
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter17: Long-term Investment Analysis
Section: Chapter Questions
Problem 6E
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From the following data, equations for P=f(Q),
Q = 0, 10, 20, 30, 40,50, 60, 70, 80, 90, 100
P= $215, $208, $201, $194, $187, $180, $173, $166, $159, $152, $145,
TC= $2,700; $4,062.50; $5,180; $6,157.50; $7,100; $8,112.50; $9,300; $10,767.50; $12,620; $14,962.50; $17,900
How do I proceed in determining equations for P=f(Q), ATC=f(Q,Q^2), AVC=f(Q, Q^2), MC=f(Q,Q^2)?
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