Compute the marginal cost function

Assignment Help Business Economics

Reference no: EM131008450

A firm has the exogenous cost function C(Q) = 354Q- 30Q^2 + Q^3.

(a) Compute the marginal cost function.

(b) Use calculus to find the value of Q at which marginal cost is minimized.

(d) Use calculus to find the value of Q at which average cost is minimized.

(e) Does this cost function satisfy the three assumptions made in class concerning the cost function?

Reference no: EM131008450

Questions Cloud

Determine the equation of the tangent line : Determine the equation of the tangent line to f(x) = x2(2x +1)2 at x = 1

What are two ways to mitigate the risk of bankrupcy : What are two ways to mitigate the risk of bankrupcy of a third-world client of a construction project?

Evidence of a change in the percent of bills : A billing company that collects bills for doctors' offices in the area is concerned that the percentage of bills being paid by Medicare has risen. Historically, that percentage has been 31%. An examination of 8368 recent bills reveals that 32% of ..

Find the stocks expected return : If common stock has a beta of 1.2. The risk free rate is 4% and the expected return on the market is 9%. Using the CAPM to find the stocks expected return. Please walk me through the steps.

Compute the marginal cost function : A firm has the exogenous cost function C(Q) = 354Q- 30Q^2 + Q^3. Compute the marginal cost function. Use calculus to find the value of Q at which marginal cost is minimized. Compute the average cost function.

Construct a time-series plot : Construct a time-series plot that shows the insured catastrophic loss over time. What do you think causes the peaks in the graph?

Find the area under the standard normal curve : Find the area under the standard normal curve to the right of z = 1.65. Round to four decimal places

Retirement in order to retire with enough money saved : Planning to retire in 40 years. You plan to live for 30 years after retirement and can live on $50,000 a year. How much do you need to save each year until retirement in order to retire with enough money saved? Assume interest rates of 8% and that yo..

What is the loop that forms after many iterations : What is the loop that forms after many iterations when the initial value of g is 1.7? What is the loop that forms after many iterations when the initial value of g is 1.72

User Account

All Pages