Question

For the following total cost function, find marginal cost (MC), average total cost (ATC) and average variable cost (AVC) and then decide which of the following are true. TC = 0.1Q^3 - 4Q^2 + 80Q + 150 doesn't implies a. MC = 0.3Q^2 - 8Q + 80 b. ATC = 0.1Q^2 - 4Q + 80 c. AVC = 0.1Q^2 - 4Q + 80 d. MC=AVC at Q=20

          For the following total cost function, find marginal cost (MC), average total cost (ATC) and average variable cost (AVC) and then decide which of the following are true. TC = 0.1Q^3 - 4Q^2 + 80Q + 150 doesn't implies

a. MC = 0.3Q^2 - 8Q + 80
b. ATC = 0.1Q^2 - 4Q + 80
c. AVC = 0.1Q^2 - 4Q + 80
d. MC=AVC at Q=20

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For the following total cost function, find marginal cost (MC), average total cost (ATC) and average variable cost (AVC) and then decide which of the following are true. TC = 0.1Q^3 - 4Q^2 + 80Q + 150 doesn't implies

a. MC = 0.3Q^2 - 8Q + 80
b. ATC = 0.1Q^2 - 4Q + 80
c. AVC = 0.1Q^2 - 4Q + 80
d. MC=AVC at Q=20

Added by Miguel -Ngel L.

Calculus: Early Transcendentals

James Stewart 8th Edition

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Solved by Expert Sri K

06/14/2022

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Step 1: Calculate the Marginal Cost (MC) Show more…

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For the following total cost function, find the marginal cost (MC), average total cost (ATC), and average variable cost (AVC), and then decide which of the following are true: TC = 0.1Q^3 - 4Q^2 + 80Q + 150 a. MC = 0.3Q^2 - 8Q + 80 b. ATC = 0.1Q^2 - 4Q + 80 c. AVC = 0.1Q^2 - 4Q + 80 d. MC=AVC at Q=20

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