Homework SourseYou are give TC 200010q 002q2 How much are the fixes costs
You are give TC = 2000+10q+ 0.02q^2. How much are the fixes costs? Find MC.
You are give TC = 2000+10q+ 0.02q^2. How much are the fixes costs? Find MC.
Solution
Total Cost is the sum of Fixed cost and variable cost
Fixed cost is invariant of quantity and variable cost is function of quantity
Fixed cost is 2000
Marginal cost is when total cost differntiated with respect to quantity
MC=10+0.04q
