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Lectures in Microeconomics-Charles W. Upton Mathematical Cost Functions C= 10+20q+4q 2.

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Presentation on theme: "Lectures in Microeconomics-Charles W. Upton Mathematical Cost Functions C= 10+20q+4q 2."— Presentation transcript:

1 Lectures in Microeconomics-Charles W. Upton Mathematical Cost Functions C= 10+20q+4q 2

2 Mathematical Cost Functions The Linear Cost Function C = a + bq C = 3+5q

3 Mathematical Cost Functions Average Cost for Linear Cost Functions

4 Mathematical Cost Functions Average Cost for Linear Cost Functions

5 Mathematical Cost Functions Average Cost for Linear Cost Functions

6 Mathematical Cost Functions Average Cost for Linear Cost Functions

7 Mathematical Cost Functions Marginal Cost for Linear Cost Functions

8 Mathematical Cost Functions Marginal Cost for Linear Cost Functions

9 Mathematical Cost Functions Marginal Cost for Linear Cost Functions

10 Mathematical Cost Functions Marginal Cost for Linear Cost Functions

11 Mathematical Cost Functions The Quadratic Cost Function

12 Mathematical Cost Functions Average Cost for Quadratic Cost Functions

13 Mathematical Cost Functions Average Cost for Quadratic Cost Functions

14 Mathematical Cost Functions Average Cost for Quadratic Cost Functions

15 Mathematical Cost Functions Marginal Cost for Quadratic Cost Functions

16 Mathematical Cost Functions Marginal Cost for Quadratic Cost Functions

17 Mathematical Cost Functions Marginal Cost for Quadratic Cost Functions

18 Mathematical Cost Functions End ©2003 Charles W. Upton


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