- Need Help Regarding The Graphs Thank You 1 (100.65 KiB) Viewed 51 times
Need help regarding the graphs. Thank you.
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answerhappygod
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Need help regarding the graphs. Thank you.
Need help regarding the graphs. Thank you.
1. Firm A's total cost is TC = 20³ - 2Q² +5Q + 10, 3 where Q is the quantity produced. Hence, the first derivative of the total cost function is dTC 2Q²-4Q+5. do (a) Find Average Total Cost (ATC) as a function of Q. Sketch ATC. (b) Find Average Fixed Cost (AFC) as a function of Q. Sketch AFC. (c) Find Average Variable Cost (AVC) as a function of Q. Sketch AVC. (d) Find the supply curve of this firm (both as an equation and as a graph). (e) What is the quantity that maximizes Firm A's profit when the price is 10. (f) Using equations (or inequality), explain why this firm makes a loss when p< ATC. Compute the level of Q at which p = ATC. (g) Using equations (or inequality), explain why this firm shuts down when p<AVC. Compute the level of Q at which p = AVC. =
1. Firm A's total cost is TC = 20³ - 2Q² +5Q + 10, 3 where Q is the quantity produced. Hence, the first derivative of the total cost function is dTC 2Q²-4Q+5. do (a) Find Average Total Cost (ATC) as a function of Q. Sketch ATC. (b) Find Average Fixed Cost (AFC) as a function of Q. Sketch AFC. (c) Find Average Variable Cost (AVC) as a function of Q. Sketch AVC. (d) Find the supply curve of this firm (both as an equation and as a graph). (e) What is the quantity that maximizes Firm A's profit when the price is 10. (f) Using equations (or inequality), explain why this firm makes a loss when p< ATC. Compute the level of Q at which p = ATC. (g) Using equations (or inequality), explain why this firm shuts down when p<AVC. Compute the level of Q at which p = AVC. =