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- Find the marignal and average function for the total functions. Total product function: Q = aL + bL^2 - cl^3 (a,b,c > 0)A cost of production function is given as C (n) = (n – 100)2 + 100 where C (n) is the cost in $ of producing n number of a certain product. Use the derivative to determine the n which will minimize the cost of production. n = 10 n = 100 c) n = 50 d) n = 20DERIVATIVE In the following the symbol for the first derivative is dy/dx or Y’ and the symbol for the second derivative is d2y/dx2 or Y”, all of which are standard symbols. Y = X3 -2X2 +1 X -.333 0 .333 .667 1 1.333 1.667 Y dy/dx d2y/dx2 A function is given above. The table gives several pre-selected values of the independent variable (X). Use all of these to have enough to answer questions for this assignment. Calculate the Y value corresponding to each X value in the table. Write the Y value and its sign (+ or -) calculated in the cell below its X value. Pick any three of the X values and on a separate worksheet, show how you calculated its Y value. Use these X,Y pairs also if you chose to do the bonus option. Find the critical values among the given X values…
- Hi, I have been trying to compute the optimal values from this lagrangian. But I can't seem to find a way to get the values from the answer key. I attached both the question and answers. Could you please explain to me how to get these values from the first-order conditions? Thank you very muchUse the function below (whose parameters qualify it as a STC function) to answer the questions. STC = 4850 + 40Q - 1.5Q^2 + .04Q^3 FC = $4,850 AFC = 4,850 / Q (I calculated this) AVC = 40 - 1.5Q + .04Q^2 (I calculated this) MC = 40 - 3Q + 0.12Q^2 (I calculated this)Please solve this question and kindly use this formula F=P(1+in)
- The answer of function!If r increases, C and w unchanged, the isocost will shift parallely to the right shift parallelly to the left pivot towards point of origin pivot away from the point of originAm I solving correctly? I don’t really remember how to derive the AC equation or graph these values that I have found.