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TC = 25 + 0.25Q2 Fixed cost = 25 Variable cost = 0.25Q2 Marginal cost = dTC/dQ = d(25 + 0.25Q2)/dQ Marginal cost = 0.5Q
TC = 25 + 0.25Q2
Fixed cost = 25
Variable cost = 0.25Q2
Marginal cost = dTC/dQ = d(25 + 0.25Q2)/dQ
Marginal cost = 0.5Q
How do you derive at 0.5Q? explain calculation/workings
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