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TC = 25 + 0.25Q 2 Fixed cost = 25 Variable cost = 0.25Q 2 Marginal cost = dTC/dQ = d(25 + 0.25Q 2 )/dQ
TC = 25 + 0.25Q2
Fixed cost = 25
Variable cost = 0.25Q2
Marginal cost = dTC/dQ = d(25 + 0.25Q2)/dQ
= 0.5Q
How do we derive at 0.5Q? Show the calculations / workings
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Managerial Economics
Authors: Paul Keat, Philip K Young, Steve Erfle
7th edition
0133020266, 978-0133020267
