given the total cost TC = 3q²+7q+12, evaluate the marginal cost and average cost if q = 3
Answers
Answered by
4
Tc=3q ^2 +7q +12
Marginal cost is change in cost of total cost =6q +7 by taking derivative. So marginal cost=6(3)+7=25
Average cost =vc /q=3q ^2 +7q /q=3q +7=3(3)+7=16
Aasthachachan:
Sry there is some mistake in it 16 is average variable cost not average cost
Similar questions