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Economics

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1.The total cost (in hundreds of dollars) to produce x units of a product is C(x) = 7x +4 a. 10 units b. x units c. Find the marginal average cost function. 

2.To obtain the present price of stock Dn • The present price of a firm's stock should reflect the discounted value of the expected future cash flows to shareholders (dividends) D D P= D3 + + +...+ (1+k) (1+k) (1+k) (1+k)" P. present price of the stock D = dividends received per year k = discount rate n = life of firm in years