please analyze interaction ofmarginal cost and average cost numerically and derive the formula of thisrelationship with respect to relevant mathematical economics theory and interpret yourformula 3. The "Sad Student" Company finds that it costs a total ofC(q) = 9720 +500q – 1.5q +0.005qDollars to produce q lots of its latest board game named "Calculus Teacher Shooter",each lot consisting of 100 games.

C = 9720 + 500q - 1.5q2 + 0.005q3 Average cost (AC) = C/q = (9720 / q) + 500 - 1.5q + 0.005q2…

Answered: please analyze interaction of marginal…

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter17: Long-term Investment Analysis

Section: Chapter Questions

Problem 3.4CE

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please analyze interaction of
marginal cost and average cost numerically and derive the formula of this
relationship with respect to relevant mathematical economics theory and interpret your
formula

3. The "Sad Student" Company finds that it costs a total of
C(q) = 9720 +500q – 1.5q +0.005q
Dollars to produce q lots of its latest board game named "Calculus Teacher Shooter",
each lot consisting of 100 games.

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