5. Assume a rm's cost function is C = 10 + 10;; 4q2 + Q3. a. Derive the formula for the rm's marginal cost. b.
5. Assume a rm's cost function is C = 10 + 10;; 4q2 + Q3. a. Derive the formula for the rm's marginal cost. b. Derive the formula for the rm's average cost. c. Plot the cost function on one graph, and below that plot the marginal and average 005': curves (just like in Figure 7.1, but only graph C, MC, and AC)
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