What is the marginal cost when Q = 8 if a total cost function is given by TC = 1/3Q^3 - 30Q^2 + 2 800Q + 2 800? Select one: a. 2 444 b. 2 384 c. 21 461 d. 3 084
Added by Haley G.
Close
Step 1
To find the marginal cost (MC) at Q = 8, we first need to understand that the marginal cost is the derivative of the total cost function with respect to Q. This is because the marginal cost represents the change in total cost resulting from producing one Show more…
Show all steps
Your feedback will help us improve your experience
Supreeta N and 51 other Algebra educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
If the total cost function is given by C(q) = -0.00002q^2 + 4.2q + 5400, what is the marginal cost when q = 9000.
Madhur L.
Rahul M.
For the cost function below, where c is the cost of producing q units of a product, find the marginal-cost function. What is the marginal cost at the given values of q? c(q) = 20q^2 - 14q + 8; q = 5, q = 10, and q = 16 Find c'(5), c'(10), and c'(16).
Recommended Textbooks
Elementary and Intermediate Algebra
Algebra and Trigonometry
Transcript
Watch the video solution with this free unlock.
EMAIL
PASSWORD