For Each of the Following Cost-Output Relationships,describe the Shape (U-Shape,decreasing,increasing,constant)of$\mathrm { C } = 42,500,000 + 2550 \mathrm { Q }$

Question

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The Answer is (a)

\quad \mathrm { AC } = \frac { 42,500,000 } { \mathrm { Q } } + 2550

\mathrm { AC }

curve is continually decreasing

\mathrm { MC } = 2550

MC curve is constant

(b)

\mathrm { AC } = \frac { 8.48 } { \mathrm { Q } } + .065 + .00220 \mathrm { Q }

\mathrm { AC }

curve is

\mathrm { U }

-shaped-first decreasing and then increasing.

\mathrm { MC } = .065 + .00440 \mathrm { Q }

MC is linear with a slope of 00440

For Each of the Following Cost-Output Relationships,describe the Shape (U-Shape,decreasing,increasing,constant)of $\mathrm { C } = 42,500,000 + 2550 \mathrm { Q }$

Definitions:

For Each of the Following Cost-Output Relationships,describe the Shape (U-Shape,decreasing,increasing,constant)of C=42,500,000+2550Q\mathrm { C } = 42,500,000 + 2550 \mathrm { Q }C=42,500,000+2550Q

Definitions:

For Each of the Following Cost-Output Relationships,describe the Shape (U-Shape,decreasing,increasing,constant)of $\mathrm { C } = 42,500,000 + 2550 \mathrm { Q }$