Solve for the following a Marginal cost MC if TC 10 15Q 2
Solve for the following.
(a) Marginal cost (MC) if TC = 10 + 15Q + 2Q2. Use the DQ approach found
For (b)-(c),
(b) Marginal profit (M) if Profit = .
(c) Marginal cost (MC) if TC = 16 + 5.5Q + 0.5Q2
Solution
(a) TC = 10 + 15Q + 2Q2
MC is the first derivative of TC so MC = 15 + 4Q.
(b) incomplete question (profit =?)
To guess it may be the difference between (a) & (b) so, 15 + 4Q - 5.5 - Q = 9.5 + 3Q
(c) MC = 5.5 + Q
