Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The marginal cost, MC, for a firm is given by MC=10QMC=10Q. Find the particular solution for the differential equation of total cost (TC) if we

The marginal cost, MC, for a firm is given by MC=10QMC=10Q. Find the particular solution for the differential equation of total cost (TC) if we know that TC=500 when Q=10.

Select one:

TC=500+10ln(Q)TC=500+10ln(Q)

TC=476.97+10eQTC=476.97+10eQ

TC=476.97+10ln(Q)TC=476.97+10ln(Q)

None of the answers is correct.

TC=500+10eQ

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 Business of Tourism Management

Authors: John Beech, Simon Chadwick

1st edition

273688013, 273688014, 9781405871631 , 978-0273688013

More Books

Students also viewed these Economics questions