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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