find (i) the marginal and (2) the average cost functions for the following total cost function. Calculate them at Q=4 and Q=6, TC=3Qsquare + 7Q + 12 Avg=25 Marginal cost=24 Total cost = if Q=4 = 88 & if Q = 6 * 162
Find (i) the marginal and (2) the average cost functions for the following total cost function. Calculate them at Q = 4 and Q = 6.
Find the integral of the marginal cost.
Marginal cost function is a derivative of the cost function. To get the cost function, you need to do the opposite, that is, integrate.
If the consumption function is C50 0.75y then the marginal propensity to consume is?
Marginal benefit 'occurs' for any benefit (price) function, since a marginal term is simply the first-order derivative of its parent function. Marginal benefit is strictly greater than zero only when a benefit function is always increasing in total benefit over its domain.
Find (i) the marginal and (2) the average cost functions for the following total cost function. Calculate them at Q = 4 and Q = 6.
If f(x, y) is the joint probability distribution function of two random variables, X and Y, then the sum (or integral) of f(x, y) over all possible values of y is the marginal probability function of x. The definition can be extended analogously to joint and marginal distribution functions of more than 2 variables.
Find the integral of the marginal cost.
Marginal cost function is a derivative of the cost function. To get the cost function, you need to do the opposite, that is, integrate.
If the consumption function is C50 0.75y then the marginal propensity to consume is?
Marginal benefit 'occurs' for any benefit (price) function, since a marginal term is simply the first-order derivative of its parent function. Marginal benefit is strictly greater than zero only when a benefit function is always increasing in total benefit over its domain.
Profit=Total revenue - Total cost
Marginal cost - the derivative of the cost function with respect to quantity. Average cost - the cost function divided by quantity (q).
MC = f'(x) = df/dx Marginal cost is equivalent to the derivative of the cost function.
One is able to learn about marginal costs at several different places online, such as at the following websites: the Wikipedia Marginal Costs webpage, Marginal Cost, and Margins.
total sales - breakeven= marginal of safety
to calculate the profit easilly