Find the marginal values for functions a, b, and c given below and evaluate each at Q=100. a) C(Q) = 540 + 6Q where C(Q) is the total cost function and Q is the level of production. b) R(Q) = 9Q where R(Q) is the total revenue when Q units are transacted at a constant price of P=$9. c) R(Q) = P(Q)Q, where P(Q) = 40 – 0.1Q, is a demand (inverse) function showing the dependence of price on quantity demanded Q. %3D

Managerial Economics: A Problem Solving Approach
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ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter7: Economies Of Scale And Scope
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Find the marginal values for functions a, b, and c given below and evaluate each at Q=100.
a) C(Q) = 540 + 6Q where C(Q) is the total cost function and Q is the level of production.
b) R(Q) = 9Q where R(Q) is the total revenue when Q units are transacted at a constant price of
P=$9.
c) R(Q) = P(Q)Q, where P(Q) = 40 – 0.1Q, is a demand (inverse) function showing the
dependence of price on quantity demanded Q.
Transcribed Image Text:Find the marginal values for functions a, b, and c given below and evaluate each at Q=100. a) C(Q) = 540 + 6Q where C(Q) is the total cost function and Q is the level of production. b) R(Q) = 9Q where R(Q) is the total revenue when Q units are transacted at a constant price of P=$9. c) R(Q) = P(Q)Q, where P(Q) = 40 – 0.1Q, is a demand (inverse) function showing the dependence of price on quantity demanded Q.
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