For a cost function C 50 2Q Q2 the marginal cost of produ
For a cost function C = 50 + 2Q + Q2, the marginal cost of producing 2 units of output is: 50, 8, 58, None of the above
Solution
Cost function (C) = 50 + 2Q + Q2
C = 50 + 2 * 2 + 2 * 2 [ When Q = 2 ]
C = 50 + 4 + 4
C = 58
Conclusion:- The marginal cost of producing 2 units of output is 58
