1. If the average cost of a plant to produce a "q" unit is explained by the functions below this: C = 0.0003q2 - 0.001q + 4 + 20.000/q a. What is the marginal cost function of product q? b. What is the marginal cost when producing 10 units? c. What is the marginal cost when producing 50 units?
1. If the average cost of a plant to produce a "q" unit is explained by the functions below this: C = 0.0003q2 - 0.001q + 4 + 20.000/q a. What is the marginal cost function of product q? b. What is the marginal cost when producing 10 units? c. What is the marginal cost when producing 50 units?
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 9SQP
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1. If the average cost of a plant to produce a "q" unit is explained by the functions below this:
C = 0.0003q2 - 0.001q + 4 + 20.000/q
a. What is the marginal cost function of product q?
b. What is the marginal cost when producing 10 units?
c. What is the marginal cost when producing 50 units?
2. If the average cost of a plant to produce a "q" unit is explained by the functions below this:
C = 0.0001q2 - 0.002q + 5 + 10.000/q
a. What is the marginal cost function of product q?
b. What is the marginal cost when producing 20 units?
c. What is the marginal cost when producing 100 units?
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