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

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Presentation transcript:

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

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

Mathematical Cost Functions Average Cost for Linear Cost Functions

Mathematical Cost Functions Average Cost for Linear Cost Functions

Mathematical Cost Functions Average Cost for Linear Cost Functions

Mathematical Cost Functions Average Cost for Linear Cost Functions

Mathematical Cost Functions Marginal Cost for Linear Cost Functions

Mathematical Cost Functions Marginal Cost for Linear Cost Functions

Mathematical Cost Functions Marginal Cost for Linear Cost Functions

Mathematical Cost Functions Marginal Cost for Linear Cost Functions

Mathematical Cost Functions The Quadratic Cost Function

Mathematical Cost Functions Average Cost for Quadratic Cost Functions

Mathematical Cost Functions Average Cost for Quadratic Cost Functions

Mathematical Cost Functions Average Cost for Quadratic Cost Functions

Mathematical Cost Functions Marginal Cost for Quadratic Cost Functions

Mathematical Cost Functions Marginal Cost for Quadratic Cost Functions

Mathematical Cost Functions Marginal Cost for Quadratic Cost Functions

Mathematical Cost Functions End ©2003 Charles W. Upton