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Answer to Question #308519 in Microeconomics for moreissar
Question #308519
The total cost of producing Q units of a given product is given by TC = 500+ 4Q2-12Q. Compute Marginal cost and average cost
Expert's answer
"MC=TC'=8Q-12,"
"MC=0,~Q_0=1.5,"
"AC=\\frac{TC}Q=\\frac{500}Q+4Q-12."
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#339914 on Dec 2023
#339914 on Dec 2023
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