If the fixed costs are NOK 50,000 and the variable cost can be expressed as VC(Q)=NOK 4Q^2 where Q is the quantity. What is the marginal cost of the quantity that produces the lowest average cost per unit?

Micro Economics For Today
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Chapter7: Proudction Costs
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If the fixed costs are NOK 50,000 and the variable cost can be expressed as VC(Q)=NOK 4Q^2 where Q is the quantity.
What is the marginal cost of the quantity that produces the lowest average cost per unit?
Transcribed Image Text:If the fixed costs are NOK 50,000 and the variable cost can be expressed as VC(Q)=NOK 4Q^2 where Q is the quantity. What is the marginal cost of the quantity that produces the lowest average cost per unit?
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