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An economist estimated that the cost function of a single-product firm is: C(Q) = 100 + 20Q + 15Q2 + 10Q3. Based on this information, determine the following: g. The marginal cost when Q = 10. When I looked this up on Chegg, it said that the answer is found in 2 steps. In step 1 a derivative is found. This is what I don't understand. The answer said that: MC (Q)=d C(Q)/dQ then it said: d(100+20Q+15Q2 + 10Q3)/dQ Then this was given: 20+30Q+30Q2 My question is.... how did they get "20+30Q+30Q2 ? Would you explain how this derivative was found in layman's terms in the most simple, step by step way possible?
EPA issued 30 tons of permits to two different utilities. If the utilities had been truthful about what it cost them to mitigate a ton of pollution and EPA had been able to make the marginal benefits and marginal cost equal (balanced). what would the..
Bookselling is an industry where product differentiation matters. Since books themselves are identical, retailers must concentrate on other things to attract and retain customers. Explain what type of market structure is presented in the movie. Expla..
there was a month were employment and the unemployment rate rose. Suppose the computations were correct, explain how is it possible for both to have increased.
How would the effects of international trade on the domestic orange market change in the world price of oranges were above the domestic equilibrium? Draw a graph to help explain your answer.
Notice it is assumed that Brian will spend at least 4 hours per week studying each of the 3 courses.
Firms hurt by lower priced imports typically argue that restricting trade will save U.S. jobs. What's a wrong with this argument? Are there ever any reasons to support such trade restrictions?
?The interest rate is the price paid for use of a: If income increases more rapidly than expected, then:
Describe one weakness and one strength of the gold standard. Do you agree with Milton Friedman that any system of pegged exchange rates is not a satisfactory system for countries with independent political systems;
What are the problems associated with the current educational system, where the public school has a monopoly on K–12 education in the local school district, and teachers are tenured?
Population growth surges rapidly. Farmers are deciding what crop to plant and learn that the price of corn has fallen relative to the price of cotton.
Demand-pull inflation occurs when:
In many ways, courts are expected to be apolitical institutions of government. In what ways are courts, judges, and justices shielded from political pressures? In whats ways are they vulnerable to political pressures? Are the courts appropriate place..
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