1- You own an apparel-producing company whose total revenue function is: TR=8Q-0.25,Q^2

7. Consider a total cost function where q is the single argument such thatTC(q) = 10 + 292and q 2 0. Do you expect the slope of the marginal cost curve at any given point tobe greater than or less than the slope of the average cost curve? What impact willan increase in output have on the slope of the average cost curve?8. You own an apparel-producing company whose total revenue function isTR = 80 - 0.502.(a) Graph this function over the range 0 s Q - 6 to obtain an indication of thecurvature of the function.(b) Find the derivative of this function (dTR/dQ), which represents marginal revenue.(c) Find the average revenue function, TR(Q)/Q.(d) Which is greater, the slope of the marginal revenue curve or the average rev-enue curve?(e) What is the impact of an increase in Q on the slope of the average revenue curve?