4. a. Use the formula for general solution to solve the followingequation b. Check for your answer. Show all the necessary steps.Dy/dt - 7y = 21%3D5. Given MC = Dtc/dQ = 42+18Q -12Q, given total fixed cost is 56.%3DFind the total cost , average total cost and variable cost.

5. TC(Total cost) is the sum of TVC(Total variable cost) and TFC(Total fixed cost). ATC(AVERAGE…

Answered: ation b. Check for your answer. Show…

ation b. Check for your answer. Show all the necessary steps. dt - 7y = 21 siven MC = Dtc/dQ = 42+18Q -12Q , given total fixed cost is 56.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 19RQ: What shapes would you generally expect each of the following cost curves to have: fixed costs,...

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Question

4. a. Use the formula for general solution to solve the following
equation b. Check for your answer. Show all the necessary steps.
Dy/dt - 7y = 21
%3D
5. Given MC = Dtc/dQ = 42+18Q -12Q, given total fixed cost is 56.
%3D
Find the total cost , average total cost and variable cost.

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