The''Sad Student'' Company finds that it costs a total of(q)=9720+500q-1.5q^(2)+0.005q^(3)Dollars to produce q lots of its latest board game named ''Calculus Teacher Shooter'' each lot of 100 games.A)Analyze the behavior of cost function.B)Interpret the constant term in the expression CC)Analyze the behavior of the marginal cost as a function of the output q.D)Interpret the effect of the constant term in the expression of total cost function on marginal cost function.E)Analyze the behavior average cost funtion.F)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 ofC(q) =9720 + 500q – 1.5q² + 0.005q³Dollars to produce q lots of its latest board game named "Calculus Teacher Shooter",each lot consisting of 100 games. A) Analyze the behavior of cost functionInterpret the constant term in the expression of C(q)of the marginal cost as a function of the output qconstant term in the expression of total cost function on marginal cost functionE) Analyze the behavior average cost functionmarginal cost and average cost numericallyrelationship with respect to relevant mathematical economics theory and interpret your.B)C) Analyze the behaviorD) Interpret the effect of theF) Analyze interaction of; and derive the formula of thisformula

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Answered: The''Sad Student'' Company finds that…

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 3CQQ

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The''Sad Student'' Company finds that it costs a total of

(q)=9720+500q-1.5q^(2)+0.005q^(3)

Dollars to produce q lots of its latest board game named ''Calculus Teacher Shooter'' each lot of 100 games.

A)Analyze the behavior of cost function.

B)Interpret the constant term in the expression C

C)Analyze the behavior of the marginal cost as a function of the output q.

D)Interpret the effect of the constant term in the expression of total cost function on marginal cost function.

E)Analyze the behavior average cost funtion.

F)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 – 1.5q² + 0.005q³
Dollars to produce q lots of its latest board game named "Calculus Teacher Shooter",
each lot consisting of 100 games. A) Analyze the behavior of cost function
Interpret the constant term in the expression of C(q)
of the marginal cost as a function of the output q
constant term in the expression of total cost function on marginal cost function
E) Analyze the behavior average cost function
marginal cost and average cost numerically
relationship with respect to relevant mathematical economics theory and interpret your
.B)
C) Analyze the behavior
D) Interpret the effect of the
F) Analyze interaction of
; and derive the formula of this
formula

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