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Q: How do you find total product when given marginal product?
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How do you input the marginal product equation in excel?

how do you find marginal product on excel


What is the formula to find the marginal product?

Marginal product (MP) is the change in total product (TP) resulting from the use of one more (or less) unit of labour (L): MP = ΔTR/ΔL -Jay-


What is the formula to find the marginal cost?

Marginal Cost = Marginal Revenue, or the derivative of the Total Revenue, which is price x quantity.


How will get total cost function form marginal cost function?

Find the integral of the marginal cost.


Find the marginal and the average cost function for the following total cost function?

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 you the marginal and the average cost functions for the following total cost function Calculate them at Q4 and Q6 TC3Q2 7Q 12?

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


If you have Marginal Cost and Marginal Damages how do you find the optimal level of output?

The optimal level of output is where marginal costs = marginal damages.


How marginal revenue and marginal cost can help set the most profitable output level?

A way to find the best level of output is to find the output level where marginal revenue is equal to marginal cost.


Application of calculus to business decision process?

Microeconomics, which determines much of the business decision process, looks to the margin for much of its data. What is the marginal cost of producing one more piece of output? What is the marginal cost of hiring one more employee? What is the marginal benefit of opening another store? In other words, the business decision process is not concerned with the total cost of producing all its units as much as producing just one more. In this sense, the margin is the derivative of the total cost. When the marginal benefit of something is greater than the marginal cost, the action will be followed. If the marginal cost is greater, it will not be. A company will produce more output until marginal benefit is equal to marginal cost. To maximize profits, the decisions of a company need to be made based upon this knowledge and some very complex calculus to find just want marginal costs and benefits of any given action are.


How do you find marginal average cost?

Marginal cost comes from the costs of producing just one more of something.


How do you find the product or 378?

Given the choice, it is easier to find 378: it is the successor to the whole number 377.


If water containing radioactive oxygen were given to plants in what end product of photosynthesis would you find radioactivity?

Yes, you will find radioactivity as one of the end product of photosynthesis if the water containing radioactive oxygen is given to plants.