please analyze interaction ofmarginal cost and average cost numerically and derive the formula of thisrelationship with respect to relevant mathematical economics theory and interpret yourformula 3. The "Sad Student" Company finds that it costs a total ofC(q) = 9720 +500q – 1.5q +0.005qDollars to produce q lots of its latest board game named "Calculus Teacher Shooter",each lot consisting of 100 games.

C = 9720 + 500q - 1.5q2 + 0.005q3 Average cost (AC) = C/q = (9720 / q) + 500 - 1.5q + 0.005q2…

Answered: please analyze interaction of marginal…

please 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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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please 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 – 1.5q +0.005q
Dollars to produce q lots of its latest board game named "Calculus Teacher Shooter",
each lot consisting of 100 games.

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