MjgxMzEX/a/NJA40156) Given the total cost function C=Q³-50² +120+75 write out a variable cost (VC)function. Find the derivative of the VC function, and interprete the economic meaning ofthat derivative7) Given the average-cost function AC=Q²-40+174, find the MC function. Is the givenfunction8TO8) Find the marginal and average functions for the following total functions and graph theresults.Tutorial 4b-Applications of DifferentiationOpen with Google Docsmore appropriate as a long-run or a short-run function? Why?Q Searcha) Total cost function: C=30² +7Q+12b) Total Revenue function: R=100-0²c) Total product function: Q=aL+bL²-cL (a,b,c>0)6Y&294-7Page 2/4Adafa*4+8Q +FOOa makP2880

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Given the total cost function C=Q³-50² +120+75 write out a variable cost (VC) function. Find the derivative of the VC function, and interprete the economic meaning of that derivative R

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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Question

MjgxMzEX/a/NJA401
5
6) Given the total cost function C=Q³-50² +120+75 write out a variable cost (VC)
function. Find the derivative of the VC function, and interprete the economic meaning of
that derivative
7) Given the average-cost function AC=Q²-40+174, find the MC function. Is the given
function
8
T
O
8) Find the marginal and average functions for the following total functions and graph the
results.
Tutorial 4b-Applications of Differentiation
Open with Google Docs
more appropriate as a long-run or a short-run function? Why?
Q Search
a) Total cost function: C=30² +7Q+12
b) Total Revenue function: R=100-0²
c) Total product function: Q=aL+bL²-cL (a,b,c>0)
6
Y
&
29
4-
7
Page 2/4
Ada
fa
*
4+
8
Q +
FO
O
a mak
P
2
88
0

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Step 1: Define VC Function

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Step 3: Find the Derivative of the VC function and interpret it.

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