The “Sad Student” Company finds that it costs a total of C(q) = 9720 + 500q -1.5q2 + 0.005q3 Dollars to produce q lots of its latest board game named “Calculus Teacher Shooter”, each lot consisting of 100 games. A)Analyze the behavior of cost function B) Interpret the constant term in the expression of C(q) c)Analyze the behavior of the marginal cost as a function of the output q
The “Sad Student” Company finds that it costs a total of
C(q) = 9720 + 500q -1.5q2 + 0.005q3
Dollars to produce q lots of its latest board game named “Calculus Teacher Shooter”, each lot consisting of 100 games.
A)Analyze the behavior of cost function
B) Interpret the constant term in the expression of C(q)
c)Analyze the behavior of the marginal cost as a function of the output q
D)Interpret the effect of the constant term in the expression of total cost function on marginal cost function
E)Analyze the behavior average cost function
F)Analyze interaction of marginal cost and average cost numerically and derive the formula of this relationship with respect to relevant mathematical economics theory and interpret your formula
Step by step
Solved in 2 steps with 1 images
