A. What is the cost equation? B. What is the marginal cost equation of q? C. What is the marginal cost when 10 units and 20 units are produced? Interpret result of point c above and explain your answer! Note : X= 5

Essentials of Economics (MindTap Course List)
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ISBN:9781337091992
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Chapter12: The Cost Of Production
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2. If a manufacturer's average cost equation of producing "q" units
of a product is:
10.000
c = 0,0001g + 0,0Xq? + 20 +
A. What is the cost equation?
B. What is the marginal cost equation of q?
C. What is the marginal cost when 10 units and 20 units are
produced? Interpret result of point c above and explain your
answer!
Note : X= 5
Transcribed Image Text:2. If a manufacturer's average cost equation of producing "q" units of a product is: 10.000 c = 0,0001g + 0,0Xq? + 20 + A. What is the cost equation? B. What is the marginal cost equation of q? C. What is the marginal cost when 10 units and 20 units are produced? Interpret result of point c above and explain your answer! Note : X= 5
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