Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Economics Of Inequality

Authors: Thomas Piketty, Arthur Goldhammer

1st Edition

0674504801, 9780674504806

More Books

Students also viewed these Economics questions

Question

6 Compare and contrast mentoring and coaching.

Answered: 1 week ago