Question
You have estimated that your firm's total cost function for a particular product is TC = 53+4q-4q^2+2q^3, where TC is total cost and q is
You have estimated that your firm's total cost function for a particular product is TC = 53+4q-4q^2+2q^3, where TC is total cost and q is units of output. What is the firm's marginal cost for this product when producing 127 units?
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Managerial Economics and Strategy
Authors: Jeffrey M. Perloff, James A. Brander
2nd edition
134167879, 134167872, 9780134168319 , 978-0134167879
