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I do not understand how this answer cam to be. Please explain step by step. What happened to 100 in TC when getting MC? How
I do not understand how this answer cam to be. Please explain step by step. What happened to 100 in TC when getting MC? How did .02Q2 become .04Q in MC?
Question:
The total revenue and total cost function that faces firm A are:
TR=10Q
TC=100+5Q+0.02Q^2 (Note: Q^2 is q-squared)
What is firm's A marginal cost (MC)?
Select one:
a. 50-0.04Q
b. 5+4Q
c. 5+0.04Q
d. 50+0.04Q
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