Answered: The total revenue curve of a firm is…

The total revenue curve of a firm is R(q)= 40q-12q2 and its average cost A(q)=1/30q2-12.85q+20+400/q where q is the firms output 1. Derive an expression c(q) for the firms total cost function

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter2: Functions

Section2.4: Average Rate Of Change Of A Function

Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.

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The total revenue curve of a firm is R(q)= 40q-12q² and its average cost

A(q)=1/30q²-12.85q+20+400/q where q is the firms output

1. Derive an expression c(q) for the firms total cost function

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