From the following data, equations for P=f(Q), ATC=f(Q,Q^2), AVC=f(Q, Q^2), MC=f(Q,Q^2) are to be determined. Q = 0, 10, 20, 30, 40,50, 60, 70, 80, 90, 100 P= $215, $208, $201, $194, $187, $180, $173, $166, $159, $152, $145, TC= $2,700; $4,062.50; $5,180; $6,157.50; $7,100; $8,112.50; $9,300; $10,767.50; $12,620; $14,962.50; $17,900 How do I proceed in determining equations for P=f(Q), ATC=f(Q,Q^2), AVC=f(Q, Q^2), MC=f(Q,Q^2)?

From the following data, equations for P=f(Q), ATC=f(Q,Q^2), AVC=f(Q, Q^2), MC=f(Q,Q^2) are to be determined. Q = 0, 10, 20, 30, 40,50, 60, 70, 80, 90, 100 P= $215, $208, $201, $194, $187, $180, $173, $166, $159, $152, $145, TC= $2,700; $4,062.50; $5,180; $6,157.50; $7,100; $8,112.50; $9,300; $10,767.50; $12,620; $14,962.50; $17,900 How do I proceed in determining equations for P=f(Q), ATC=f(Q,Q^2), AVC=f(Q, Q^2), MC=f(Q,Q^2)?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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