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An economist estimated that the cost function of a single-product firm is: C(Q) = 100 + 20Q + 15Q2 + 10Q3. Based on this information, determine the following: g. The marginal cost when Q = 10. When I looked this up on Chegg, it said that the answer is found in 2 steps. In step 1 a derivative is found. This is what I don't understand. The answer said that: MC (Q)=d C(Q)/dQ then it said: d(100+20Q+15Q2 + 10Q3)/dQ Then this was given: 20+30Q+30Q2 My question is.... how did they get "20+30Q+30Q2 ? Would you explain how this derivative was found in layman's terms in the most simple, step by step way possible?
Briefly explain in your own words a business cycle, economic indicators and government expenditures. Be specific, and explain
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Bivens(2005)’s paper argues that studies that highlight the positive impacts of offshoring on the U.S economy mostly ignore the costs associated with the following: Explain each of these losses and how offshoring creates/generates these costs.
Illustrate what is the macroeconomic relationship with the article, "Squaring the Economic Circle" by Art Buchwald.
Which of the following best illustrates the mutual interdependence among firms in the airline industry?
The economy depends on Consumption for short term economic activity and Financial Investments for future economic growth. Frictional unemployment is sometime caused by negative Friction between the now unemployed worker and her boss. Cyclical Unemplo..
Compared with a drip system, a new type of infusion pump reduces the cost of administrating chemotherapy from $25 per dose to $20 per dose. The complication rate of each system is two percent. Which should you choose? What sort of analysis should you..
Pick one market in which the price system does not produce an equitable price and quantity of output. Write a paper of 250 words minimum discussion with at least (2) sources cited in the MLA format. What are the alternatives to government interventio..
Andrew has decided to open an online store that sells home and garden products. After searching around, he chooses the software company Initech to provide the software for his website since their product required the least amount of specialized inves..
suppose the government is considering the imposition of a unit tax to be levied on beer producers. the view of
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