Homework Answers
We have, TC = 50 + 3Q2
=> Marginal cost = dTC/dQ = 6Q > 0
Second derivative = 6 >0
since 6>0, marginal cost is increasing at an increasing rate (convex) and this means that the Nazil's kitchen is indeed experiencing diminishing marginal product of labor.
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Nazli's Kitchen makes doner...
Nazli's Kitchen makes doner kebabs (a traditional Turkish dish) and has a total cost function given...
Nazli's Kitchen makes doner kebabs (a traditional Turkish dish) and has a total cost function given by TC = 50+ 392, where Q is the quantity of doner kebabs. Does Nazli's Kitchen's experience diminishing marginal product of labor? How do you know?
Nazli’s Kitchen makes doner kebabs (a traditional Turkish dish) and has a total cost function given...
Nazli’s Kitchen makes doner kebabs (a traditional Turkish dish) and has a total cost function given by TC=50+3Q^2, where Q is the quantity of doner kebabs. Does Nazli’s Kitchen’s experience diminishing marginal product of labor? How do you know?
Nazli's Kitchen makes doner kebabs (a traditional Turkish dish) and has a total cost function given...
Nazli's Kitchen makes doner kebabs (a traditional Turkish dish) and has a total cost function given by TC = 50 + 302, where Q is the quantity of doner kebabs. Nazli's Kitchen's fixed cost of production is 0 50 392 O 50 + 3Q2
Nazli’s Kitchen makes doner kebabs (a traditional Turkish dish) and has a total cost function given...
Nazli’s Kitchen makes doner kebabs (a traditional Turkish dish) and has a total cost function given by TC=50+3Q^2, where Q is the quantity of doner kebabs. Nazli’s Kitchen’s fixed cost of production is A. 0 B. 50 C. 3Q^2 D. 50+3Q^2
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Nazli's Kitchen makes doner kebabs (a traditional Turkish dish) and has a total cost function given by TC = 50+ 392, where Q is the quantity of doner kebabs. Does Nazli's Kitchen's experience diminishing marginal product of labor? How do you know?
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