The total cost ( TC) function of a company has been estimated as TC = 100 +

Question:

The total cost ( TC) function of a company has been estimated as TC =

100 + 5 Q + 10 Q 2 where Q = quantity produced. Find (

a) marginal cost when Q = 10; (

b) quantity (

Q) at which average cost is minimum; and (

c) Q at which average cost ( AC) equals marginal cost ( MC).

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Managerial Economics

ISBN: 9789325986688

8th Edition

Authors: D N DWIVEDI

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Question Posted: Oct 07, 2024 04:01 AM

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The total cost ( TC) function of a company has been estimated as TC = 100 +

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Managerial Economics

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