What Are the Functions for MC and AC If TC

question 59

Essay

What are the functions for MC and AC if TC = 100q + 100q²? Are the returns to scale increasing,decreasing,or constant?

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Definitions:

SSR

Sum of Squares due to Regression, a measure of the variation explained by the regression line.

Numerator Degrees

Likely a misphrase, possibly referring to the degrees of freedom in the numerator of a statistical test.

Independent Variables

Variables in a statistical model that are manipulated or chosen by the researcher to determine their effect on the dependent variable.

Unit Price

The cost per single unit of measure, allowing for comparison of costs among different sizes or quantities of the item.