Compute marginal cost. illustrate what is the marginal cost, Ask an Expert

Economics

Compute marginal cost.

1. For the multiproduct cost function C(Q₁,Q₂) = 100 + 2Q₁Q₂ + 4Q₁²,

Illustrate what is the marginal cost function for good one?

a) MC₁ = 2Q₂ + 4Q₁ - Q₂².

b) MC₁ = 2Q₂ + 8Q₁.

c) MC₁ = 100 + 2Q₁Q₂ + 4Q₁².

d) MC₁ = 4Q₁² - 2 Q₂².

2. For the cost function C(Q) = 100 + 2Q + 3Q², the marginal cost of producing 2 units of output is

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M917788

Have any Question?Write your Review or question?

Related Questions in Business Economics

Suppose that third national bank has reserves of 20000 and

Suppose that Third National Bank has reserves of $20,000 and check able deposits of $200,000. The reserve ratio is 10 percent. The bank sells $20,000 in securities to the Federal Reserve Bank in its district, receiving a ...

We live in kapurkua a small island in the mediterranean

We live in Kapurkua, a small island in the mediterranean between Greece and Spain (no, it doesn't really exist so don't look it up in the map). In the island we produce and consume canoes, latreks (a garment that is comf ...

1 explain the different elements of property rights provide

1. Explain the different elements of property rights. Provide an example of how the US economy infringes on each. 2. Explain why inequality is considered to be a social "bad" by many people. In what way could inequality ...

Since quotas do not raise revenues but have the same trade

Since quotas do not raise revenues but have the same trade effects as do tariffs, why not just have tariffs? Why would the government impose quotas when tariffs not only would reduce imports but also bring in new revenue ...

Explain how the application of the pdca cycle can support a

Explain how the application of the PDCA cycle can support a competitive strategy of low cost leadership.

Why does a government undertakes expansionary fiscal

Why does a government undertakes expansionary fiscal policy? What are the problems of undertaking expansionary fiscal policy? When is fiscal policy more appropriate than monetary policy?

We just signed a lease contract in a 200000 sf office

We just signed a lease contract in a 200,000 SF office building complex for $25/SF/year with rents paid in arrears (at the end of the year) annually. The rent will increase by 3% per year. The discount rate is 10%/year. ...

Suppose a bond with no expiration date has a face value of

Suppose a bond with no expiration date has a face value of $10,000 and annually pays a fixed amount of interest of $900. a. In the table provided below, calculate and enter either the interest rate that the bond would yi ...

What role for governmentin chapter 3 wheelan describes a

What Role for Government? In Chapter 3, Wheelan describes a number of ways in which the "government is your friend" in a well-functioning society and economy. List and explain two ways that, in your everyday lives, there ...

Why would the communities in the territories not be listed

Why would the communities in the territories not be listed for government transfer payments? Why do cities and towns get government transfer income?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert