MC = 10q, ATC = 10/q+ 5q, AVC = 5 q, AFC = 10/q I would like to know how to plot them(in graph) in the figure as shown (dont understand how it is ploted) ว ง 9 = √KE C 10K+5E K=1 C(q)=10+5q2 Market price (P) = 30 P = MC 30 = 10q q=3 Profit per unit = π R TC = q = P - ATC q q π = (PATC)q p=30 Cost Curves for C(q)=10+5q2 MC Profit ATC AVC AFC
MC = 10q, ATC = 10/q+ 5q, AVC = 5 q, AFC = 10/q I would like to know how to plot them(in graph) in the figure as shown (dont understand how it is ploted) ว ง 9 = √KE C 10K+5E K=1 C(q)=10+5q2 Market price (P) = 30 P = MC 30 = 10q q=3 Profit per unit = π R TC = q = P - ATC q q π = (PATC)q p=30 Cost Curves for C(q)=10+5q2 MC Profit ATC AVC AFC
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:=
MC 10q, ATC = 10/q+ 5q, AVC = 5
q, AFC = 10/q I would like to know
how to plot them(in graph) in the
figure as shown (dont understand
how it is ploted)
9 = √KE
C = 10K + 5E
K = 1
C(q) = 10 +5q²
Market price (P) = 30
PMC 30=10q q = 3
П
R
TC
Profit per unit =
=
= P - ATC
9
д
प
π (PATC)q
C
2
P
p=30
Cost Curves for C(q)=10+5q2
Profit
MC
ATC
AVC
S
AFC
१
Training

Transcribed Image Text:9 =
√KE
C10K+5E
K = 1
C(q) = 10 +5q²
Market price (P) :
= 30
=
30 = 10q q = 3
P
= MC =
Profit per unit
π
= = =
R
TC
P
q q զ
π = (P - ATC)q
-
P
30
25
20
15-
- ATC
10
0
p = 30
Cost Curves for C(q)=10+5q²
MC
Profit
ATC
AVC
AFC
о
3
4
5
6
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