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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
1. If T C = 3Q2+7Q+12, find expressions for the marginal and average cost functions. Evaluate them when Q = 3 and Q = 5.
2. For each of the following demand functions, find expressions for T R and MR and evaluate them when Q = 4 and Q = 10.
a) Q = 36 − 2P,
b) 44 − 4P − Q = 0.
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