# obtain the total cost function C = C(v, w,Q ) supply the necessary information

## Assume a production function Q = Aka L1-a where Q = 100, a = 10 and = 0.5 obtain the total cost function

Assume a production function Q = Aka L1-a where Q = 100, a = 10 and = 0.5 obtain the total cost function

Question
1
.

Assume a production function Q = Ak
a L
1-a where Q = 100, a = 10 and = 0
.5 obtain the

total cost function C = C(v, w,Q ) supply the necessary information , such as

the equation costs
. Show how you got the result
.

2
. Suppose a demand function

Q = 2,000 – 20P and a function of the total cost C(Q)= 0
.05Q
2 +

12,500, with this information,answer the following, showing details as

obtained:

a
. The average variable cost

and average fixed cost
. Explain

b
. The production level that maximizes profits
.

c
. The price of the product
.

d
. The total cost

e
.

The level of earnings -related costs
.

3
.Suppose

the total cost becomes: C(Q)=
.075 + 10,000 with this information, answer the

following,showing details as obtained:

a
. What changes occurred

in the total cost? Show components in detail
.

b
. The production level

that maximizes profits
.

c
. The price of the

product
.

d
. The total cost

e
. The level of earnings

-related costs
.

Assume a production function Q = Aka L1-a where Q = 100, a = 10 and = 0.5 obtain the total cost function

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